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Bitcoin's Taker Sell Volume Drops: Rebound on the Horizon?

Coin WorldMonday, Jan 27, 2025 3:58 pm ET

1min read

Bitcoin's Taker Sell Volume Plunges: Is BTC Gearing Up for a Major Rebound?

Bitcoin's taker sell volume has significantly decreased, indicating a potential shift in market sentiment. This decline could signal a decrease in selling pressure and a possible rebound for the cryptocurrency. CryptoQuant data shows that the Bitcoin Coinbase premium gap has also narrowed, suggesting a reduction in demand for Bitcoin on the Coinbase exchange.

DeepSeek AI Sparks Crypto Sell-Off: What's Next for Bitcoin, Ethereum, and the Crypto Market?

The recent release of DeepSeek R1, an innovative AI model, has sparked a sell-off in the crypto market. The total cryptomarket cap has slipped by over 5% in the last 24 hours, with Bitcoin and Ethereum both experiencing significant losses. The sell-off has been attributed to investor anxieties and the "buy the rumour, sell the news" phenomenon, as the market reacts to the release of the AI model.

Bitcoin Faces Selling Pressure Amid DeepSeek AI Launch; Market Reactions Could Shape Future Price Movements

The launch of the DeepSeek AI app has caused Bitcoin's price to fluctuate sharply, igniting fears of risk across various markets. Over $864 million was lost to liquidations, revealing trader anxiety amid increasing competition in technology. Arthur Hayes, co-founder of BitMEX, warned of a potential Bitcoin correction while also projecting an end-of-year price of $250,000, contingent on renewed monetary easing.

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