比特币（BTC）的价格低于$ 98,000，从105,000美元回顾为fomc de危险和长期清算加剧了此举

比特币（BTC）的价格下跌低于98,000美元，从今天低至97,750美元的$ 105,000回收，突然下降了高达-6.8％。快速抛售与加密货币和传统市场的波动率更高相吻合

The price of Bitcoin (BTC) has dropped below the key psychological level of $100,000, reaching lows of $97,750 today. This marks a sharp decline of up to -6.8% from the recent highs. The rapid sell-off coincides with heightened volatility in both crypto and traditional markets, with several factors contributing to BTC's downturn.

比特币（BTC）的价格已降至100,000美元的关键心理水平以下，今天的低点达到了97,750美元。与最近的高点相比，这标志着高达-6.8％的急剧下降。快速抛售与加密货币和传统市场的波动性增强相吻合，这有几个因素导致了BTC的衰退。

Why Is Bitcoin Down Today?

为什么比特币今天下降？

#1 DeepSeek's Impact On Tech Markets

＃1 DeepSeek对科技市场的影响

The primary driver behind the broader risk-off sentiment appears to be the emergence of DeepSeek, a Chinese artificial intelligence (AI) platform whose swift rise and cost-effectiveness have rattled US tech giants. Renowned market commentary outlet The Kobeissi Letter posted via X:

更广泛的冒险情绪背后的主要驱动力似乎是DeepSeek的出现，DeepSeek是一个中国人工智能（AI）平台，其迅速的上升和成本效益使美国科技巨头震撼了。著名的市场评论渠道通过X发布的Kobeissi信件：

“Nasdaq 100 futures are now down -330 POINTS since the market opened just hours ago as DeepSeek takes #1 on the App Store. This is how you know DeepSeek has become a major threat to US large cap tech. The stock market does not lie.”

“自从市场前开放以来，纳斯达克100期货现在下降了-330点，因为DeepSeek在App Store上排名第一。这就是您知道DeepSeek已成为对我们大型CAP技术的主要威胁的方式。股市不会说谎。”

DeepSeek reportedly competes with ChatGPT yet was developed at a fraction of the cost, using less advanced hardware. Benchmark tests indicate that DeepSeek is outperforming ChatGPT in categories such as AIME, MATH-500, and GPQA, igniting concerns that the dominance of US-based AI firms could be at risk.

据报道，DeepSeek与Chatgpt竞争，但使用不太先进的硬件以一小部分成本开发。基准测试表明，DeepSeek在Aime，Math-500和GPQA等类别中表现优于Chatgpt，这引发了人们对总部位于美国AI公司的统治地位的担忧。

The Kobeissi Letter added:“OpenAI … was valued at ~$157 BILLION in October 2024 … has ~22 TIMES more employees than DeepSeek. This is why markets have been blindsided.”

Kobeissi信中补充说：“ Openai…在2024年10月的价值约为1570亿美元……员工的雇员是DeepSeek的22倍。这就是为什么市场蒙蔽的原因。”

Traders fear that if investors pull capital out of overextended AI stocks, a broader tech sell-off could follow. This has significant implications for the Bitcoin and crypto market as well because of its correlation. “Crypto is front running as markets are closed & it’s a higher risk-beta asset class,” crypto analyst Miles Deutscher noted via X.

贸易商担心，如果投资者将资本从过度扩张的AI股中拉出，那么可能会随后进行更广泛的技术抛售。由于其相关性，这也对比特币和加密市场具有重要意义。加密分析师Miles Deutscher通过X指出：“ Crypto在市场关闭，这是一个较高的风险β资产类别，这是较高的风险β资产类别。”

However, he sees a silver lining for Bitcoin and crypto once the AI stock boom subsides: “If DeepSeek is the knife that could (momentarily) burst the AI stock bubble, then this could actually be bullish for crypto, as liquidity rotates back. AI stocks sucked up a lot of speculative capital that previously would’ve flowed into BTC/crypto.”

但是，一旦AI股票动臂就消失了，他看到比特币和加密货币的一线希望：“如果DeepSeek是可能（暂时）（暂时）破坏AI股票泡沫的刀，那么随着流动性旋转，这实际上可能是对加密货币的看涨。 AI库存吸收了许多投机资本，这些资本以前会流入BTC/Crypto。”

#2 Pre-FOMC De-Risking

＃2前FOMC DE风险

Another contributor to the current downswing is the commonly observed pre-FOMC market de-risking. Historically, investors recalibrate their portfolios ahead of the Federal Open Market Committee meetings, scheduled for January 28–29, 2025. Although consensus indicates that interest rates may remain unchanged, riskier assets like Bitcoin and cryptocurrencies often face sell-pressure in the lead-up to such announcements.

当前下降的另一个贡献者是通常观察到的前FOMC市场去风险。从历史上看，投资者在计划于2025年1月28日至29日举行的联邦公开市场委员会会议之前对其投资组合进行重新调整。尽管共识表明，利率可能保持不变，诸如比特币和加密货币（例如比特币和加密货币）经常在铅中面临卖出的风险较高的资产此类公告。

Deutscher commented:“Pre-FOMC de-risking (this is very normal, especially in an environment where we’re extremely sensitive to rates/U.S. dollar/liquidity).”

Deutscher评论说：“ FOMC前风险（这是非常正常的，尤其是在我们对费率/美元/流动性非常敏感的环境中）。

Deutscher also speculated on whether Federal Reserve Chair Jerome Powell might adopt a softer stance, given the recent transition of the US presidency: “So… if stocks are already in panic mode, is Jerome Powell really going to come out super hawkish? Right as Trump has just entered office? Idk… My prediction is that the pre-FOMC sell-off marks the local bottom.”

鉴于美国总统最近的过渡，德意志还猜测美联储主席杰罗姆·鲍威尔（Jerome Powell）是否会采取更柔和的立场：“所以……如果股票已经处于恐慌状态，杰罗姆·鲍威尔（Jerome Powell）真的会出现超级鹰派吗？正如特朗普刚刚上任一样吗？ IDK…我的预测是，前FOMC的抛售标志着本地底部。”

#3 Lack Of New Price Catalyst After Trump's Executive Order

＃3特朗普执行命令后缺乏新的价格催化剂

Market participants also cite a perceived vacuum of fresh bullish news following last week’s first-ever crypto executive order by President Donald Trump. Although the order initially propelled crypto optimism, the absence of a new catalyst left traders wanting more. Deutscher referred to this as the “lack of short-term ‘north star’ after Trump’s inauguration.”

在上周唐纳德·特朗普（Donald Trump）总统发出的第一个加密行政命令之后，市场参与者还引用了新的看涨新闻的感知真空。尽管该命令最初引起了加密货币的乐观，但缺乏新的催化剂使交易者想要更多。德意志将其称为“特朗普就职后缺乏短期'北极星”。

#4 Long Liquidations Exacerbating The Move

＃4长清算加剧了移动

According to Coinglass data, a flurry of long liquidations has magnified the downward price action. 313,683 traders were liquidated in the past 24 hours. Total crypto liquidations hit $853.92 million, with $795.5 million in longs.

根据Coinglass数据，一连串的长清算量扩大了下降价格动作。在过去的24小时内清算了313,683家交易者。总加密清算量达到8.539亿美元，渴望为7.955亿美元。

The largest single liquidation order occurred on HTX for BTC-USDT valued at $98.46 million. On the Bitcoin market alone, $250 million worth of long positions were liquidated. The surge in liquidations amplified BTC’s fall, triggering more traders to unwind positions. Analysts view these forced liquidations as both a cause and a symptom of heightened volatility.

最大的单一清算订单发生在HTX上的BTC-USDT，价值9846万美元。仅在比特币市场上，就清算了价值2.5亿美元的长头寸。清算的激增扩大了BTC的跌倒，触发了更多的交易者放松职位。分析师认为这些强制清算既是原因又是波动率提高的症状。

At press time, BTC trades at $98,983.

发稿时，BTC的交易价格为98,983美元。