Bitcoin‘s (CRYPTO: BTC) Monday dip and the broader altcoin decline may not solely a result of the launch of DeepSeek, according to a prominent cryptocurrency analyst.
What Happened: Pseudonymous analyst Stockmoney Lizards broke down the key reasons behind the drop in a detailed thread on X on Tuesday:
- China-based AI firm DeepSeek shook U.S. tech markets, affecting crypto sentiment. Lizards notes this is a temporary spike in Fear, Uncertainty, and Doubt (FUD) with no fundamental change for Bitcoin.
- Bitcoin’s recent pump has trapped liquidity in leveraged long positions, prompting market makers to force drops in price …
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