Is This the End for the Market? 🚨

The crypto sector experienced a sharp correction overnight:
$BTC: -5%
$ETH: -6.5%
$SOL: -10%
AI-focused tokens took the hardest hit, with some dropping up to -30%.

What Happened?
🔸  News of DeepSeek: A Chinese competitor to ChatGPT began circulating yesterday, shaking the dominance of OpenAI’s product.

DeepSeek offers:
🟠  Higher efficiency than ChatGPT.
🟠  Lower costs.
🟠  Reduced GPU requirements.
🟠  The ability to run autonomously on smartphones.

🔸 This announcement led to $560M in liquidated long positions, and that’s before the U.S. stock market even opened.

✔️ Stay tuned for further updates as the market reacts!