On January 27th, QCP Capital's latest analysis pointed out that Bitcoin, along with other risky assets, fell below $100,000, mainly due to the continued fermentation of Deepseek-related news since the weekend.

The analysis believes that due to Deepseek's breakthrough progress in cost efficiency and open source technology, it may pose a threat to the U.S. AI dominance. Trump has successfully used tariff measures to force Colombia to accept the repatriation of immigrants, and the market is concerned about the countermeasures he may take against AI competition.

QCP Capital stated that without confirmation of the national strategic Bitcoin reserve plan, Bitcoin is difficult to break through the current range. The Trump administration's evaluation of "national digital asset reserves" is not yet sufficient to maintain market optimism. The option risk reversal index shows that market bullish sentiment is concentrated after March.

As Deepseek poses a threat to the U.S. market, Trump may take action to stabilize the market. Before the FOMC meeting on January 30th, market volatility and VIX remained high, but QCP Capital expects Bitcoin to remain relatively resilient.