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QCP Capital: Bitcoin is currently stable above $102,000, and market sentiment favors call options

QCP Capital: Bitcoin is currently stable above $102,000, and market sentiment favors call options

Bitget2025/01/28 09:40

PANews reported on January 28 that according to QCP Capital's analysis, the release of DeepSeek's latest AI product continues to dominate the market, and its impact has spread to Wall Street and risky assets. Yesterday, the Nasdaq index closed down 3%, and NVIDIA plummeted 17%. The AI ​​boom in 2024 has pushed the Nasdaq valuation to a high of nearly 27 times the forward price-to-earnings ratio, but in 2025, it faces new challenges such as the Fed's interest rate path, policy uncertainty, and this week's technology stock earnings, which may increase the downward pressure on risky assets.

Crypto-related stocks have not been spared, with Core Scientific plummeting 29%, and mining companies such as Hut 8, Riot Platforms and Cipher Mining also falling sharply, reflecting their increasing integration with AI. Many mining companies are transforming their facilities into high-performance computing data centers. This decline is more due to risk aversion than specific factors in the crypto market.

Bitcoin is currently stable above $102,000, and market sentiment favors bullish options. This week will test whether Bitcoin's correlation with the stock market has weakened, especially in a potentially favorable regulatory environment, which may provide support for it.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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