QCP Capital: BTC is currently stable above $102,000, and market sentiment leans towards call options

PANews reported on January 28th that according to QCP Capital's analysis, the release of DeepSeek's latest AI product continues to dominate the market, with its impact reaching Wall Street and risk assets. The Nasdaq index fell by 3% yesterday, while NVIDIA big dump 17%. The AI frenzy in 2024 once drove the Nasdaq valuation to nearly 27 times forward earnings, but in 2025, facing new challenges such as the Fed's interest rate path, policy uncertainty, and tech stock earnings reports this week, it may exacerbate the downward pressure on risk assets. Cryptocurrency-related stocks have not been spared either. Core Scientific saw a big dump of 29%, while mining companies like Hut 8, Riot Platforms, and Cipher Mining also experienced significant declines, 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 rather than specific factors in the cryptocurrency market. Bitcoin is currently stable above $102,000, and market sentiment leans towards bullish options. This week will test whether the correlation between Bitcoin and the stock market has weakened, especially in a potentially favorable regulatory environment, which may provide support for it.