Analysis: January CPI is expected to continue the cooling trend, and the Federal Reserve may remain on hold in the short term.

Trading Time: AI Panic Escalates Ahead of CPI, Bitcoin Fluctuates and Bottoms Out, Difficult to Reproduce "Spring Festival Market"

Daily Market Highlights and Trend Analysis, produced by PANews. 1. Market Observation The current macro market is experiencing a profound confidence crisis triggered by AI, with the narrative shifting from "AI frenzy" to "AI panic." Investors are no longer focused on who will benefit but are instead worried about which industries will be disrupted and replaced. On Thursday, financial markets experienced a broad sell-off, with US stock market capitalization evaporating by $1 trillion. Cisco plummeted 12% after releasing weak profit margin guidance. The Nasdaq dropped over 2%, the S&P 500 declined 1.57%, breaking below the 50-day moving average, and the Dow Jones Industrial Average fell below 50,000 points. The seven tech giants all declined, with Apple dropping over 5%, losing approximately $202 billion in market value in a single day. Amazon's stock price, after eight consecutive days of decline, officially entered a technical bear market on Thursday, down 21.4% from its high. Industry insiders expect NVIDIA's February 25 earnings report to become an important event in the AI field.

NY Fed Has Tied Inflation to Tariffs When Crypto Prices Are Already on Report Speculation

The NY Fed has linked tariffs imposed on imports to inflation. Crypto prices are down, possibly in speculation of the upcoming inflation report. The US is working on deals to balance the tariffs effect. The Federal Reserve Bank of New York, or NY Fed, has published a report establishing a

Massive $50.5 billion payout before Chinese Lunar New Year! The largest dividend wave in history impacts liquidity

Chinese listed companies distribute historic dividends before the Lunar New Year, totaling 348.8 billion RMB (approximately 50.5 billion USD), setting a new company record. Compared to previous years, this dividend distribution has increased by over 20%. The timing is just before China's peak consumption season, traditionally a period when excess liquidity leads investors to chase yields, and funds may shift to other investments. Historical data shows that similar liquidity events are accompanied by increased Bitcoin trading volume and rising risk appetite.

Bitcoin open interest crashes to 34 billion! TradFi funds withdraw,大量 leverage被forced liquidation

Due to a lack of investor demand, traders are focusing on concerning US macroeconomic data, and Bitcoin open interest has fallen to $34 billion. Some of the decline is also attributed to forced liquidations, which totaled $5.2 billion over the past two weeks. In the past month, Bitcoin has dropped 28%, gold has regained the $5,000 psychological level, and the S&P 500 is only 1% away from its all-time high.

Bitcoin futures open interest has fallen to its lowest since 2024, as waning institutional demand puts pressure on BTC prices.

On February 13, news reports indicate that Bitcoin's recent price has been under continuous pressure, failing to stay above $72,000. Meanwhile, the total open interest in Bitcoin futures has fallen to $34 billion, hitting a new low since November 2024, down approximately 28% from 30 days ago. Although the number of open contracts measured in Bitcoin remains around 502,450, indicating that overall leverage demand has not significantly decreased, forced liquidations have accumulated to $5.2 billion, intensifying market concerns that Bitcoin may fall back to the $60,000 support level. The weak bullish leverage demand in the market highlights a decoupling of Bitcoin from traditional financial markets. Over the past month, Bitcoin has declined by 28%, with investors lacking clear catalysts. At the same time, gold prices have returned to the psychological level of $5,000, and the S&P 500 index is approaching its all-time high. Some analysts believe that the risk-averse sentiment is driven by a soft U.S. labor market. Data from the U.S. Department of Labor shows that only 181,000 new jobs are expected to be added in 2025, below expectations, but the White House emphasizes that slowing population growth is leading to decreased job demand.

MICA Daily｜U.S. economic data disappoints, BTC drops again to $65,000

U.S. stocks, gold, silver, and cryptocurrencies all declined yesterday. BTC dropped to $65,000, mainly due to rising unemployment claims, poor housing sales, potential government shutdown, and risk aversion in Asian markets. BTC needs to turn the $76,000 resistance into support and challenge above $80,000, but the short-term downtrend is difficult to reverse, and spot buying is insufficient to change the situation.