Degen

🌐 Bitcoin Under Pressure Again: Traders Cut Risks by $1.7B

On January 27, Bitcoin dropped below $100K for the first time this year, hitting a low of $98K. This sudden dip triggered a major market reassessment as volatility surged due to macroeconomic uncertainty and upcoming earnings reports from major U.S. tech companies.

🔹 Market Shaken by AI Disruption
Analysts at QCP Capital highlight that extreme volatility was also fueled by news from Chinese startup DeepSeek, which unveiled an AI model outperforming its U.S. counterparts. This added an extra layer of uncertainty, with investors bracing for potential market shifts ahead of the Fed rate decision.

🔹 Record Bitcoin Transfers & Derivative Shakeout
According to Glassnode, the correction led to 21K BTC ($2.1B) being moved to exchanges—one of the largest spikes in recent history. 

🚨 Is this just a shakeout before the next leg up, or are we entering a deeper correction? Let’s see how the market reacts next! ⚡