🇺🇸🇨🇳 US–China “Deal”? Then Why the Crash?!
Yes, Trump did meet China’s President Xi in Busan — that part’s true. But here’s the catch… there’s still no final trade deal.
What came out of it? Just a “basic consensus” — the same vague framework that was already agreed on before. No signatures, no details, no clear timeline. Just optimistic words.
And guess what? Markets hated it. 😬
📉 Within minutes of the news, over $150 million in crypto longs got liquidated as Bitcoin and risk assets dipped sharply.
It’s the perfect “buy the rumor, sell the news” situation. Everyone went in super bullish expecting a breakthrough — but all they got was a handshake and polite smiles.
🧠 Add a few more ingredients to the mix:
– The Fed just cut rates by 25 bps,
– Powell sounded cautious, hinting that a December cut isn’t guaranteed,
– And traders were already nervous before the meeting…
Boom — you’ve got the recipe for a classic post-meeting selloff.
Trump says “great progress was made,” Xi calls it a “mutual understanding,” but until an actual deal is signed, the market’s not buying it.
👉 In short:
✅ Rate cut — yes
✅ Talks — yes
❌ Confidence — nope
Meanwhile, whales are moving.
BlackRock, Fidelity, and ARK 21Shares clients reportedly dumped around $398.64 million in BTC.