🩸 Bitcoin Under Pressure, Markets React to US–China Trade Deal, and Crypto Whales Move $33 B in October

The crypto market woke up in red again today, with Bitcoin testing the $107,000 level for the fourth time in just two weeks. Despite major macro developments—including a newly revealed US–China trade agreement—the sentiment across crypto remains locked in “fear.”

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The Big News: US–China Trade Deal Confirmed

After months of tension, the United States and China have officially reached a trade agreement.
According to multiple reports:

China will pause all retaliatory tariffs and suspend export controls,

while the US will cut tariffs by 10% on key imports.

The announcement immediately boosted US stock futures, signaling a wave of renewed optimism across traditional markets. Yet, crypto traders aren’t celebrating just yet.

Even with this macro tailwind, Bitcoin continues to struggle, slipping back below $108K. The cautious tone in the crypto space shows that investors are still digesting broader liquidity signals rather than geopolitical headlines.

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🏦 Fed Pumps $29.4 B into Banks — “Something Is Breaking”

In a surprise move overnight, the US Federal Reserve injected $29.4 billion into the banking system via overnight repo operations. Analysts interpret this as a possible sign of stress in the financial system—especially with liquidity already stretched.

The move reignites speculation that the Fed may soon pivot toward easing, potentially setting the stage for risk assets (like Bitcoin) to rebound once the dust settles.

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📉 Bitcoin Market Dynamics: Fear, Liquidations & Institutional Weakness

Despite the positive macro backdrop, crypto sentiment remains fearful. In the last 4 hours alone, over $250 million in long positions were liquidated, suggesting traders were overly optimistic about a short-term bounce.

Meanwhile, the Coinbase Premium Gap—a key indicator of US institutional demand—has fallen back to –$80, showing that American buyers are not aggressively accumulating BTC at the moment.

Adding to the pressure, long-term holders sold over $33 billion worth of Bitcoin in October, roughly $1 billion in sell pressure per day. This helps explain why the month has been one of the weakest since early 2023, despite broader adoption headlines.

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💬 Politics & Pop Culture Collide: Trump and the “CZ Pardon”

In an unexpected twist, former US President Donald Trump was confronted on CBS’s “60 Minutes” about allegedly pardoning Binance founder Changpeng Zhao (CZ).
Trump’s response?

“I have no idea who CZ is.”

The clip quickly went viral in crypto circles, sparking equal parts amusement and speculation.

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🔥 Altcoin Movers: Aster & ZK Tokens Shine

Aster Token (ASTR) jumped after CZ revealed a personal $2.5 million investment, signaling renewed interest in Web3 infrastructure projects.

ZK Token soared +50% after Ethereum co-founder Vitalik Buterin publicly endorsed ZKsync, the Layer-2 scaling protocol focusing on zero-knowledge proofs.

These moves show that even in bearish moments, innovation continues to attract capital and attention.

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🚀 The Saylor Signal

MicroStrategy’s Michael Saylor posted his trademark #SaylorTracker tweet once again—a subtle hint that the Bitcoin maximalist might be preparing for another institutional accumulation phase. Historically, such posts often preceded short-term price recoveries.

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💭 Final Thoughts

October might have been bloody, but the underlying story hasn’t changed:

Institutional accumulation cycles are forming beneath the volatility.

Liquidity dynamics point to a possible Fed pivot in the months ahead.

Long-term conviction remains strong, even as traders panic.

If anything, this correction could be setting up the next leg of the cycle—especially as Bitcoin continues to mature as a global macro asset.

“When fear dominates, opportunity hides in plain sight.” 💡

Posted Using INLEO