BTC加热，然后在简短的中国贸易协议提升后冷却

一系列关键的会议之后，全球两个最大的经济体设法达成了一项成功的贸易协议

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.

周末，美国财政部长在瑞士日内瓦举行的一系列高风险贸易会议上与中国的副总理会面，这是世界上两个最大的经济体汇聚，目的是解决威胁全球经济前景的贸易争端。

BTC Heats up Then Cools After Brief China Trade Deal Boost

BTC加热，然后在简短的中国贸易协议提升后冷却

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

好消息还帮助股票市场飙升，比特币超过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.

美国财政部长斯科特·贝斯特（Scott Bessent）周末在日内瓦与他在日内瓦的中国副总理举行了一系列关键会议。两国之间的几个月紧张局势是在唐纳德·特朗普总统对中国商品的145％关税中引发的，这次会议是在美国进入中国产品的报复性125％的征税中得到的。

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.

特朗普长期以来一直抱怨美国与亚洲同行的1.2万亿美元贸易赤字。他随后的关税引发了两国之间的贸易战，使经济学家预测了全球衰退。总统派遣了贝斯特与在日内瓦的中国代表团会面，以缓解紧张局势，并对双方造成一项可口的贸易协议。

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.

然后在周日，白宫发表声明，宣布两国都同意了为期90天的缓刑，这将使中国商品的关税降低到30％，而美国商品只会收取10％的进口税。根据Yahoo Finance的数据，该消息将进行进一步的谈判，但该消息足以将标准普尔500指数，纳斯达克和道琼斯工业平均指数分别飙升2.66％，3.57％和2.42％。在写作时，比特币高达$ 105,747.45，然后撤退至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在周日说：“我很高兴地报告说，在非常重要的贸易谈判中，我们在美国和中国之间取得了重大进展。” “我们明天将提供细节，但我可以告诉你，谈判很有成效。”

Overview of Market Metrics

市场指标概述

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.

根据CoinMarketCap的数据，过去24小时内比特币在过去24小时内下跌1.28％至102,818.31美元。在此期间，加密货币的交易在102,609.55美元至105,747.45美元之间，在上周的强力集会后巩固了，在过去的7天中，BTC仍增加了9.48％。显然，尽管今天下降了，但比特币从每周的角度仍然是看涨的领土。

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.

交易量增长了17.63％，达到559亿美元，表明零售和机构参与者的参与度持续。但是，比特币的市值下跌了1.09％，至2.04万亿美元，这反映了当天的价格较低的价格。结果，BTC的优势急剧下降了1.04个百分点，至62.49％，这表明山寨币在加密货币方面处于基础上。

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.

衍生品市场反映了类似的冷却。根据Coinglass的数据，BTC期货的总开放利息下降了1.01％，至676.9亿美元。在清算方面，公牛受到了打击：总清算总额为3298万美元，长位占3170万美元，而短裤仅削减了129万美元。突然的回调对于过度杠杆的长交易者来说是昂贵的，强调了在挥发性市场中追逐向上势头的风险。