Bitcoin Price Prediction: Millions In Shorts Liquidated As BTC Breaks $115K On US-China Trade Hopes
The Bitcoin price edged up over 3% in the past 24 hours to trade at $115,557 as of 3:59 a.m. EST on trading volume that skyrocketed 173% to $59.6 billion. That increase in the BTC price above $115,000 led to $500 million in liquidations, according to Coinglass . The rally came after US Secretary Bessent hinted on a potential deal between the US and China, which could be announced later this week after the presidents of the two countries met in Asia. BREAKING: US Treasury Secretary Bessent says China is "ready" to make a trade deal with the US after 2 days of negotiations. Bessent says the agreement will remove President Trump's 100% tariff set to go live November 1st. — The Kobeissi Letter (@KobeissiLetter) October 26, 2025 US President Trump and Chinese leader XI are set to meet on Thursday on the sidelines of the APEC summit in Gyeonggi, South Korea, marking their first face-to-face talk since the US president returned to the White House and embarked on a radica...