Bitcoin saw a sharp decline below $100,000 during Asian trading hours, impacting the broader crypto and stock markets. Analysts believe the drop signals the end of a Trump-induced rally. Arthur Hayes predicts further declines but remains bullish long-term, projecting Bitcoin to reach $250,000 by year-end. The market turbulence also affected US stock indices, with concerns over DeepSeek’s impact on major US tech firms. The liquidation spree wiped out over $855 billion, affecting more than 313,000 traders. Long traders suffered the heaviest losses, with Bitcoin traders facing the most significant liquidations.

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