BTC加熱，然後在簡短的中國貿易協議提升後冷卻

一系列關鍵的會議之後，全球兩個最大的經濟體設法達成了一項成功的貿易協議

U.S. Treasury Secretary met with China’s Vice Premier in a series of high-stakes trade meetings in Geneva, Switzerland over the weekend, converging as the world’s two largest economies sought to resolve a trade dispute that has threatened the global economic outlook.

週末，美國財政部長在瑞士日內瓦舉行的一系列高風險貿易會議上與中國的副總理會面，這是世界上兩個最大的經濟體匯聚，目的是解決威脅全球經濟前景的貿易爭端。

BTC Heats up Then Cools After Brief China Trade Deal Boost

BTC加熱，然後在簡短的中國貿易協議提升後冷卻

The good news also helped send stock markets soaring and bitcoin past $105K.

好消息還幫助股票市場飆升，比特幣超過105,000美元。

The U.S. Treasury Secretary, Scott Bessent, met with China’s Vice Premier He Lifeng in Geneva over the weekend for a series of crucial meetings. The meetings come after months of tension between the two countries, sparked by President Donald Trump’s unprecedented 145% tariff on Chinese goods, a move reciprocated with a retaliatory 125% levy on U.S. products entering China.

美國財政部長斯科特·貝斯特（Scott Bessent）週末在日內瓦與他在日內瓦的中國副總理舉行了一系列關鍵會議。兩國之間的幾個月緊張局勢是在唐納德·特朗普總統對中國商品的145％關稅中引發的，這次會議是在美國進入中國產品的報復性125％的徵稅中得到的。

Trump has long complained about the $1.2 trillion trade deficit the U.S. has with its Asian counterpart. The subsequent tariffs he imposed sparked a trade war between the two countries that left economists predicting a global recession. The president sent Bessent to meet with the Chinese delegation in Geneva to ease tensions and strike a trade deal palatable to both parties.

特朗普長期以來一直抱怨美國與亞洲同行的1.2萬億美元貿易赤字。他隨後的關稅引發了兩國之間的貿易戰，使經濟學家預測了全球衰退。總統派遣了貝斯特與在日內瓦的中國代表團會面，以緩解緊張局勢，並對雙方造成一項可口的貿易協議。

Then on Sunday, the White House issued a statement announcing that both countries had agreed on a 90-day reprieve that will reduce tariffs on Chinese goods to 30%, while U.S. goods will only be charged a 10% import tax. Further negotiations are set to take place, but the news was good enough to send the S&P 500, Nasdaq, and Dow Jones Industrial Average indices soaring 2.66%, 3.57%, and 2.42% respectively on Monday morning, according to Yahoo Finance. Bitcoin went as high as $105,747.45 before retreating to $102,818.31 at the time of writing.

然後在周日，白宮發表聲明，宣布兩國都同意了為期90天的緩刑，這將使中國商品的關稅降低到30％，而美國商品只會收取10％的進口稅。根據Yahoo Finance的數據，該消息將進行進一步的談判，但該消息足以將標準普爾500指數，納斯達克和道瓊斯工業平均指數分別飆升2.66％，3.57％和2.42％。在寫作時，比特幣高達$ 105,747.45，然後撤退至102,818.31美元。

“I’m happy to report that we made substantial progress between the United States and China in the very important trade talks,” said Bessent on Sunday. “We will be giving details tomorrow, but I can tell you that the talks were productive.”

Bessent在周日說：“我很高興地報告說，在非常重要的貿易談判中，我們在美國和中國之間取得了重大進展。” “我們明天將提供細節，但我可以告訴你，談判很有成效。”

Overview of Market Metrics

市場指標概述

Bitcoin slipped 1.28% to $102,818.31 over the past 24 hours, according to data from Coinmarketcap. The cryptocurrency traded between $102,609.55 and $105,747.45 during the period, consolidating after last week’s strong rally, which still leaves BTC up 9.48% over the past 7 days. Evidently, bitcoin remains in bullish territory from a weekly perspective, despite today’s dip.

根據CoinMarketCap的數據，過去24小時內比特幣在過去24小時內下跌1.28％至102,818.31美元。在此期間，加密貨幣的交易在102,609.55美元至105,747.45美元之間，在上週的強力集會後鞏固了，在過去的7天中，BTC仍增加了9.48％。顯然，儘管今天下降了，但比特幣從每週的角度仍然是看漲的領土。

Trading volume rose 17.63% to $55.9 billion, indicating ongoing engagement from both retail and institutional players. However, bitcoin’s market capitalization edged down 1.09% to $2.04 trillion, reflecting the day’s softer price action. As a result, BTC dominance dropped sharply by 1.04 percentage points to 62.49%, suggesting altcoins are gaining ground on the cryptocurrency.

交易量增長了17.63％，達到559億美元，表明零售和機構參與者的參與度持續。但是，比特幣的市值下跌了1.09％，至2.04萬億美元，這反映了當天的價格較低的價格。結果，BTC的優勢急劇下降了1.04個百分點，至62.49％，這表明山寨幣在加密貨幣方面處於基礎上。

Derivatives markets reflected a similar cooling. Total BTC futures open interest fell 1.01% to $67.69 billion, according to Coinglass. In terms of liquidations, bulls took the hit: out of $32.98 million in total liquidations, long positions accounted for a hefty $31.70 million, while shorts saw only $1.29 million wiped out. The sudden pullback proved costly for over-leveraged long traders, underscoring the risks of chasing upward momentum in volatile markets.

衍生品市場反映了類似的冷卻。根據Coinglass的數據，BTC期貨的總開放利息下降了1.01％，至676.9億美元。在清算方面，公牛受到了打擊：總清算總額為3298萬美元，長位佔3170萬美元，而短褲僅削減了129萬美元。突然的回調對於過度槓桿的長交易者來說是昂貴的，強調了在揮發性市場中追逐向上勢頭的風險。