Odaily星球日报讯 QCP Capital 发布每日市场观察称，DeepSeek 仍位于 App Store 排行榜前列。其最新的 AI 版本昨日在华尔街和风险资产市场引起了巨大反响，纳斯达克指数下跌了 3%，而 NVIDIA 更是暴跌达到惊人的 17%。2024 年的 AI 狂潮将纳斯达克的估值推升至不可持续的水平，交易时市盈率接近 27 倍。然而，2025 年面临一系列新的挑战，包括美联储加息路径的不确定性、特朗普政策的影响以及本周即将发布的科技公司财报，可能为风险资产带来下行风险。 与加密相关的股票未能幸免，Core Scientific 股价暴跌 29%，像 Hut8、RiotPlatforms 和 Cipher Mining 这样的矿业公司也出现下跌。这一下降反映了它们与 AI 的日益融合，因为许多公司正在将矿场重新改造为高性能计算的数据中心。这一趋势似乎更多受到避险情绪的推动，而非特定加密因素的影响。比特币（BTC）找到了支撑，并稳定在 10.2 万美元以上，目前看涨期权多于看跌期权。本周可能会测试 BTC 与股市的相关性是否减弱，特别是如果有利的监管环境提供潜在支持。 与加密相关的股票未能幸免，Core Scientific 股价暴跌 29%，像 Hut 8、Riot Platforms 和 Cipher Mining 这样的矿业公司也出现下跌。这一下降反映了它们与 AI 的日益融合，因为许多公司正在将矿场重新改造为高性能计算的数据中心。 这一趋势似乎更多受到避险情绪的推动，而非特定加密因素的影响。比特币（BTC）找到了支撑，并稳定在 10.2 万美元以上，目前看涨期权多于看跌期权。本周可能会测试 BTC 与股市的相关性是否减弱，特别是如果有利的监管环境提供潜在支持。

Odaily星球日报讯 QCP Capital 发布每日市场观察称，DeepSeek 仍位于 App Store 排行榜前列。其最新的 AI 版本昨日在华尔街和风险资产市场引起了巨大反响，纳斯达克指数下跌了 3%，而 NVIDIA 更是暴跌达到惊人的 17%。2024 年的 AI 狂潮将纳斯达克的估值推升至不可持续的水平，交易时市盈率接近 27 倍。然而，2025 年面临一系列新的挑战，包括美联储加息路径的不确定性、特朗普政策的影响以及本周即将发布的科技公司财报，可能为风险资产带来下行风险。与加密相关的股票未能幸免，Core Scientific 股价暴跌 29%，像 Hut8、RiotPlatforms 和 Cipher Mining 这样的矿业公司也出现下跌。这一下降反映了它们与 AI 的日益融合，因为许多公司正在将矿场重新改造为高性能计算的数据中心。这一趋势似乎更多受到避险情绪的推动，而非特定加密因素的影响。比特币（BTC）找到了支撑，并稳定在 10.2 万美元以上，目前看涨期权多于看跌期权。本周可能会测试 BTC 与股市的相关性是否减弱，特别是如果有利的监管环境提供潜在支持。与加密相关的股票未能幸免，Core Scientific 股价暴跌 29%，像 Hut 8、Riot Platforms 和 Cipher Mining 这样的矿业公司也出现下跌。这一下降反映了它们与 AI 的日益融合，因为许多公司正在将矿场重新改造为高性能计算的数据中心。这一趋势似乎更多受到避险情绪的推动，而非特定加密因素的影响。比特币（BTC）找到了支撑，并稳定在 10.2 万美元以上，目前看涨期权多于看跌期权。本周可能会测试 BTC 与股市的相关性是否减弱，特别是如果有利的监管环境提供潜在支持。

QCP Capital：比特币在10.2万美元附近获得支撑，出现监管利好或将削弱股币联动效应

Odaily reports that QCP Capital has released its daily market observation, stating that DeepSeek remains at the top of the App Store rankings. Its latest AI version caused a huge reaction in Wall Street and the risk asset market yesterday, with the Nasdaq index falling 3% and NVIDIA plummeting an astonishing 17%. The AI frenzy of 2024 pushed Nasdaq's valuation to an unsustainable level, with a price-to-earnings ratio close to 27. However, 2025 faces a series of new challenges, including the uncertainty of the Fed's rate hike path, the impact of Trump's policies, and the upcoming earnings reports of tech companies, which may bring downside risks to risk assets.

Crypto-related stocks were not spared, with Core Scientific's stock price plummeting 29%, and mining companies like Hut8, RiotPlatforms, and Cipher Mining also experiencing declines. This decline reflects their increasing integration with AI, as many companies are repurposing their mining facilities into high-performance computing data centers. This trend seems to be driven more by a risk-averse sentiment than by specific crypto factors.

BTC has found support and stabilized above $102,000, with call options currently outnumbering put options. This week may test the weakening correlation between BTC and the stock market, especially if a favorable regulatory environment provides potential support.

Odaily reports that QCP Capital has released its daily market observation, stating that DeepSeek remains at the top of the App Store rankings. Its latest AI version has caused a huge response in Wall Street and the risk asset market yesterday, with the Nasdaq index falling 3% and NVIDIA plummeting an astonishing 17%. The AI frenzy of 2024 has pushed the Nasdaq's valuation to an unsustainable level, with a price-to-earnings ratio close to 27 times. However, 2025 faces a series of new challenges, including the uncertainty of the Fed's rate hike path, the impact of Trump's policies, and the upcoming earnings reports of tech companies, which may bring downside risks to risk assets. Crypto-related stocks were not spared, with Core Scientific's stock price plummeting 29%, and mining companies like Hut8, RiotPlatforms, and Cipher Mining also experiencing declines. This decline reflects their increasing integration with AI, as many companies are remodeling their mining facilities into high-performance computing data centers. This trend seems to be driven more by a risk-averse sentiment than by specific crypto factors. BTC has found support and stabilized above $102,000, with more call options than put options. This week may test the weakening correlation between BTC and the stock market, especially if a favorable regulatory environment provides potential support.

QCP Capital: Bitcoin is supported near $102,000, and favorable regulations may weaken the stock-currency linkage effect

Here is the English translation, with <> content retained as is:

The Mars Finance news reported that on January 27, QCP released its daily market observation, stating that one week after President Trump took office, BTC fell back below $100,000, and other risky assets also fell accordingly. At the same time, news about China's "Deepseek" has been continuously fermented since the weekend. This large language model (LLM) developed in China, with its high cost-effectiveness and breakthrough open-source technology, poses a potential threat to the United States' dominance in the field of artificial intelligence, and may also impact the US stock market. As for BTC, it is not believed that its price will rise significantly before the "Strategic BTC Reserve" plan is confirmed. The evaluation plan for the "National Digital Asset Reserve" proposed by the Trump administration is not sufficient to support the market's bullish sentiment in the short term. From the perspective of risk reversal, only call options from March onwards have the advantage, indicating that the market does not expect much substantial progress before the end of this quarter. However, with the threat of China's "Deepseek" to the US market, the possibility of Trump trying to intervene and play the "hero" cannot be ruled out. The volatility and VIX index remained high this Friday, and the market remained highly cautious before the FOMC meeting on Thursday (January 30). Although the market fluctuated today, regardless of the outcome of the Thursday meeting, BTC should be able to maintain relative resilience and continue to fluctuate within the familiar range.

QCP: Bitcoin is unlikely to rise significantly before the "Strategic Bitcoin Reserve" plan is confirmed

Odaily reported that after DeepSeek launched a new cost-effective AI model, the stock prices of several Bitcoin mining companies that have ventured into the AI business plummeted on Monday. Among them, Core Scientific (CORZ) and Terawulf (WULF) fell nearly 30%, while Cipher Mining, Hut 8, <Ren>, and <Bitdeer> saw their stock prices drop between 20% and 25%. Marcin Kazmierczak, Chief Operating Officer of <Redstone>, stated that "the blockchain and artificial intelligence fields are fundamentally different, each driven by unique use cases and long-term innovation. It's only a matter of time before the DeepSeek model starts being utilized in <Crypto AI> projects alongside the <Operator - AI> agent recently announced by <OpenAI>." In the cryptocurrency sector, <Coinbase> stock fell 10%, and <MicroStrategy> stock fell about 8.5%. Earlier on Monday, MicroStrategy announced the issuance of 2.5 million shares of its <MSTR> series of perpetual convertible preferred stock to fund future Bitcoin purchases. Additionally, as of the time of writing, the relatively less volatile spot <Bit> ETFs have all fallen around 5-6%. (<The Block>)

Core Scientific and Terawulf, two bitcoin mining companies involved in AI business, saw their share prices fall by nearly 30% on Monday

Investors' long-awaited <bull market> has not arrived, and their wallets have instead shrunk significantly.