DeepSeek Breach Ignites Unstoppable Bitcoin Bull Run
February 03, 2025
The DeepSeek database was found to have exposed highly sensitive user and backend details, including chat history, secret keys, and operational metadata. The discovery by Wiz Research of a publicly accessible ClickHouse database belonging to DeepSeek raised significant security concerns. The leak allowed potential attackers to take control of the database without authentication, posing a critical risk to DeepSeek's security and end-users. The exposed data included over one million log entries containing highly sensitive information such as plaintext chat messages, API keys, and operational metadata. Researchers refrained from executing intrusive queries beyond enumeration to maintain ethical research practices.
On the other hand, in the Bitcoin market, a market analyst known as cryptododo7 shared a pathway for BTC to regain its bullish momentum. The analyst suggested that Bitcoin might need to return to $76,000 to restart a new rally. This prediction is based on technical factors such as the double top formation and the short-term Wyckoff Distribution Scheme, indicating a potential major decline for BTC. The choice of $76,000 as a target is supported by reasons like it serving as a strong support and liquidity mop-up zone, with a history of strong buying interest.
The movement in the Bitcoin market was influenced by US President Donald Trump's campaign promises, which attracted a crypto-friendly following. Trump's victory led Bitcoin to surge to $108,000, followed by a correction to below $90,000. Cryptododo7 explained that market makers orchestrated these movements, utilizing new market entrants to create exit liquidity and induce price falls. With Bitcoin currently in a range-bound market, a return to $76,000 could allow the market to absorb the demands of new entrants who bought at higher prices and provide institutional investors with an opportunity to accumulate BTC for the next rally.
As of the latest data, Bitcoin is trading at $99,659 after a 2.74% decline in the past day. The asset faces a major resistance at $106,000, and surpassing this level could lead to further price movements. Bitcoin maintains a market cap of $1.99 trillion, making it the most valuable cryptocurrency with a market dominance of 58.6%. Overall, both stories highlight the importance of data security in the digital realm and the technical factors influencing cryptocurrency market movements.
Links to the stories discussed: - DeepSeek database exposed highly sensitive information - Insider's Look-> Bitcoin May Return To $76,000 To Resume Bull Run – Here’s Why