Bitcoin Stays Flat Despite Historic US–China Trade Deal Announcement
Bitcoin remained flat despite a historic US-China trade deal that eased tariffs, suggesting structural market shifts over macro sensitivity.Summary
The United States and China announced a significant trade agreement, involving the suspension of tariffs and China's pledge to curb fentanyl exports, which the White House hailed as a major victory. Despite this diplomatic breakthrough, which eased global market tensions, Bitcoin's price showed minimal reaction, trading flat with less than a 1% gain. Analysts suggest this muted response is not due to a loss of macro sensitivity but rather reflects deeper structural shifts in ownership. Bitcoin on-chain analyst James Check noted that older holders are selling coins at an accelerated rate, indicating a transition where early investors are offloading positions to new, deep-pocketed entrants from traditional finance (TradFi). Experts believe this rotation signifies the asset's natural evolution toward maturity, even as short-term price action remains subdued.
(Source：BeInCrypto)