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Bitcoin News: Retail Holder Accumulation Accelerates Amid China, U.S Tariff
Bitcoin News: Retail Holder Accumulation Accelerates Amid China, U.S Tariff War Pause
This observation confirmed that retail demand alone was enough to offset the new supply coming into the market.
The observation also signaled that the next phase of the Bitcoin rally could be around the corner. It further added to the possibility of another supply squeeze, which could possibly push BTC past the $130,000 price milestone.
Bitcoin has been playing roulette with the markets through economic wars in 2025. Bitcoin holders have been bracing for the next phase of the tariff war, which was supposed to kick off in August.
The previous tariff war escalation resulted in heavy liquidity outflows from risk-on assets, including Bitcoin USD pair. Analysts were anticipating a similar outcome in August, but that may not be the case.
The U.S and China have reportedly agreed to maintain the tariff war for another 90 days. In other words, the announcement lifted concerns of another wave of selling pressure and flight to safety.
However, it was not clear whether the U.S would extend the same courtesy to other countries.
Bitcoin responded to the news with a surge in demand, which pushed the price back above $119,000 in the last 24 hours. The king of the cryptocurrencies exchanged hands at $119,346 at press time.
It maintained sideways price action on its daily chart for over 2 weeks. BTC did, however, manage to rally by about 1.5% in the last 7 days.
Bitcoin price action/ source: TradingView
Bitcoin price action | Source: TradingView
Bitcoin’s RSI also demonstrated a bit of an uptick, which signaled the return of bullish momentum. This meant that price was on track to push back above $120,000.
Strong demand could possibly push even higher now that the threat of tariff wars is off for at least another three months. The postponed tariff war escalation may completely shift the dynamics of BTC price movements in August.