Crypto-related stocks led the declines in Hong Kong's market. At the time of writing, LINEKONG (08267) fell 5.56% to HK$0.34; OKG TECH (01499) dropped 2.13% to HK$0.184; and OSL GROUP (00863) declined 1.41% to HK$16.76. On the news front, on January 29, Bitcoin's price fell below the $85,000 mark for the first time in two months, plummeting as much as 6.8% during the session to a low of $83,240, its lowest level since November 21 of last year. Ethereum, Dogecoin, Cardano, and Solana all slumped by at least 7%. On January 30, Bitcoin continued its downward trajectory, approaching the $81,000 level with an intraday decline exceeding 4%. Chris Newhouse, Head of Business Development at Ergonia, noted that the day's weakness highlights the positioning of crypto assets in the market, which often act as a "leveraged amplifier" of traditional risk assets. As tech stocks remained under pressure, the digital asset market further magnified the sentiment of the overall sell-off. Simultaneously, over-leveraged long positions were being liquidated, creating mechanical selling pressure that exacerbated the strain on an already fragile market.