Odaily Planet Daily News Bitcoin fell below $98,000 today, down nearly 10% from its all-time high, and investors began to question whether the bull market will continue. The reason for the decline is that people are worried that China's DeepSeek artificial intelligence super-efficient model will compete with the US industry at a very low cost. Since Trump won the US election, Bitcoin has risen from $66,000 to a new high of $109,000. During this wave of gains, Bitcoin has twice pulled back more than 15% and experienced multiple declines of more than 10%. This 10% drop in Bitcoin is roughly in line with the previous pullbacks. In the bull market, the short-term holder cost benchmark is a reliable support indicator. This indicator represents the on-chain moving average cost of Bitcoin in the past 155 days. The current level is about $91,000, which means that if Bitcoin falls below this point, the bull market may face pressure. (CoinDesk)