On January 27, the crypto market faced a dramatic downturn as a broader market sell-off coincided with an unprecedented event in the tech world. Nvidia experienced a catastrophic $600 billion market cap wipeout, the largest one-day loss in history, thanks to the disruptive rise of DeepSeek, a Chinese AI firm challenging Nvidia's dominance. This ripple effect hit big tech and the crypto sector, notably impacting Bitcoin derivatives. As institutional investors scrambled to reduce risk, Bitcoin futures plummeted. But what triggers investors to foresee a potential bounce back in interest within a week? Discover the intriguing factors behind this anticipated rebound.

Futures OI drops as institutions aggressively cut exposure to risk assets
Massive tech sell-off triggers a wave of Bitcoin futures liquidations as institutions seek risk reprieve.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.