Bitcoin Price Reaches $105K as US-China Trade Deal Sparks Rally
By: bitcoin ethereum news|2025/05/12 18:30:07
0
Share
Today, Bitcoin’s price surged above $105,000, following a major breakthrough in US-China trade negotiations. The king coin hit a price high of $105,705 as trading activity surged across the financial markets. Although it has since witnessed a slight pullback, bullish pressure remains strong across BTC’s spot and derivatives markets, indicating the likelihood of a sustained price rally. BTC Hits $105,000 Amid US-China Trade Deal On Monday, the two economic superpowers, the US and China, announced a 90-day tariff relief deal, which sparked renewed optimism across global markets. As part of the agreement, the United States will lower tariffs on Chinese imports from 145% to 30%, while China will reduce tariffs on US goods from 125% to 10% over the same period. The announcement triggered a spike in trading activity in the crypto market, pushing BTC’s price above the psychological $105,000 mark for the first time in weeks. Moments later, the coin peaked at $105,705 and witnessed a decline. While its price has since dipped to trade at $104,397 at press time, on-chain indicators signal a huge bullish presence across the markets. For example, the coin’s Long/Short Ratio reflects the bullish bias toward it in the futures market. At press time, this stands at 1.07. This ratio compares the number of long positions (bets that the price will rise) to short positions (bets that the price will fall) in a market. When its value is less than one, traders are betting on an asset’s price drop. Conversely, when an asset’s Long/Short Ratio exceeds 1, it indicates that there are more long positions than short, suggesting that traders are primarily betting on a price increase. This suggests that the market sentiment is largely bullish among BTC’s future traders, and traders expect a sustained price increase in the short term. Further, the trend in the coin’s options market, where demand for call contracts has surged, supports this bullish outlook. When the demand for call options exceeds that for puts in the coin’s options market, it signals a growing bullish sentiment, with more traders betting on upward price movement. Bitcoin’s Surge Faces a Test This increase in bullish derivatives activity often reflects a broader expectation of rising prices among BTC investors. If buying pressure is sustained, the coin could climb back above $105,000. If the potential support at $105,668 holds, it could push BTC toward its all-time high of $109,312. However, on the daily chart, BTC’s Chaikin Money Flow (CMF) has begun to drop, forming a bearish divergence with its price. A divergence emerges when an asset’s price moves in one direction, but an indicator like the CMF moves in the opposite direction. In this case, while BTC’s price is climbing, the CMF is dropping, signaling a decrease in buying pressure. If this continues, BTC’s price could fall to $101,070. Disclaimer In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Source: https://beincrypto.com/bitcoin-price-us-china-tariff-deal/
You may also like

What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15

If the AI bubble has already burst, who will truly remain?
What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.

Paul Graham: How to Make a Billion Dollars
Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.

After 18 years, blockchain has finally started to head towards the main channel
When AI becomes the new center of gravity in the capital market, the response of crypto VCs is not to stick to "Crypto-only," but to repackage crypto as the financial track, ownership layer, and autonomous system infrastructure of the AI era.

Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?
Anthropic has issued an urgent notice that Claude users may face real-name verification in July. From now on, every time you use Claude, you may need to be prepared with your ID.

On the day of SpaceX's IPO, the first real test of the three perpetual mechanisms
The price has been discovered, and the market surrounding the price is still under construction.

Value Distribution of Stablecoins
The issuance layer obtains user funds and takes the largest profit margin; the two middle layers rely on traffic, distribution commissions, and underlying infrastructure; the application layer enjoys convenience but has no bargaining power.

Galaxy Deep Dive: Is the Bitcoin Four-Year Cycle Still Valid?
Galaxy Research believes that the four-year cycle of Bitcoin is still valid, but the amplitude of the cycle is shrinking. This round's peak is milder, which means that even if the pullback continues, the bottom may be higher than the extreme levels of past cycles.

SpaceX IPO, Nvidia, and Bitcoin: Why Traders Are Watching More Than Just Crypto in 2026
Bitcoin recently plunged below $60,000 before rebounding, while SpaceX's historic IPO and Nvidia's continued AI momentum captured traders' attention worldwide. Explore why more crypto traders are looking beyond crypto in 2026 and what this shift means for emerging market opportunities.

The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market
The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?
Tech giants like SpaceX and OpenAI have sparked a $35 trillion super IPO wave. The "suction effect" is not enough to crash the stock and crypto markets, but the test of high valuations is just beginning.

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus
Overview of Important Market Events on June 11

a16z Crypto Partner: Cash flow is the moat
Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money
There is more and more to do.

How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies
The value of tokenized products ultimately depends on whether the underlying structure is sound, rather than just the price displayed on the interface.
What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.
Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15
If the AI bubble has already burst, who will truly remain?
What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.
Paul Graham: How to Make a Billion Dollars
Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.
After 18 years, blockchain has finally started to head towards the main channel
When AI becomes the new center of gravity in the capital market, the response of crypto VCs is not to stick to "Crypto-only," but to repackage crypto as the financial track, ownership layer, and autonomous system infrastructure of the AI era.
Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?
Anthropic has issued an urgent notice that Claude users may face real-name verification in July. From now on, every time you use Claude, you may need to be prepared with your ID.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
