Bitcoin holds the line at $111K as China–US trade flare-up shakes global markets

The global digital assets market printed red indexes all around as Bitcoin (BTC) hovered around $111,000. This looked like the new norm after another volatile stretch in global ￰0￱ fresh retaliatory trade measures from China against the US reignited risk ￰1￱ cumulative crypto market cap dipped marginally to stand at $3.8 trillion with a 24-hour trading volume of $200 ￰2￱ price has dropped by 10% over the past 7 days, yet it remained up by 20% on a year-to-date (YTD) ￰3￱ (ETH) dropped by 8% over the last 7 ￰4￱ altcoins like XRP and Solana saw a dump of 13% and 12%, ￰5￱ tighten grip as Bitcoin sentiment sours On-chain metrics point to a softening in spot Bitcoin demand over the past week.

CryptoQuant’s data shows that spot demand has declined at a 30-day rate of 111,000 ￰6￱ is measured via the Apparent Demand ￰7￱ report shows that Binance-driven selling pressure appears to be a key ￰8￱ outweighed buying interest from other exchanges. However, there are three indicators that highlight this ￰9￱ Premium , Funding Rate, and Taker Buy/Sell ￰10￱ mentioned that the Coinbase Premium remains in positive territory while Bitcoin price has continued to ￰11￱ is generally a bullish sign, but it implies that Binance-based selling is dominating. Binance’s Funding Rate has recorded four consecutive days of negative ￰12￱ signals that futures traders on the exchange are increasingly betting on short-term ￰13￱ the other side, the Taker Buy/Sell Ratio has dropped to its lowest point in over a ￰14￱ reflects a surge in aggressive selling ￰15￱ this short-term weakness, fundamentals remain intact, it ￰16￱ clings to $110K base Analysts highlighted that the recent pullback is more a controlled deleveraging than ￰17￱ week recorded more than $19 billion in ￰18￱ was not a mass sell-off but a forced closure of leveraged ￰19￱ to it, the crypto market cap briefly fell from $4.24 trillion to $3.79 ￰20￱ all this chaos, Bitcoin’s correlation with gold hit a multi-year high of ￰21￱ is reinforcing its “ digital gold ” narrative as investors sought safe-haven assets amid geopolitical ￰22￱ is trading at an average price of $111,594 at the press ￰23￱ 24-hour trading volume is down by 11% to stand at $72.6 billion.

Meanwhile, Ethereum’s ecosystem showed signs of long-term confidence. Developers’ advanced testing of the Fusaka upgrade on ￰24￱ confirmed plans to migrate its national digital ID system from Polygon to Ethereum by early 2026, reflecting institutional trust in the ￰25￱ is trading at an average price of $4,045 at press ￰26￱ macro factors, including President Donald Trump’s escalation of the trade war and threatened tariffs on Chinese imports, have added a layer of uncertainty. Regardless, the market has so far digested the volatility, with Bitcoin continuing to defend the $109,000–$110,000 range that has acted as a base since ￰27￱ shows measured optimism among ￰28￱ $50 free to trade crypto when you sign up to Bybit now