The US-China trade negotiations have made progress, and Bitcoin has surged to 115K, with over 60,000 BTC flowing out of long-term holder wallets.

After the US-China announced that a comprehensive trade agreement is about to be completed, US stock index futures rose, and President Trump is visiting the region for a series of diplomatic talks. The overall market capitalization of the crypto market rose to $3.88 trillion, with a 24-hour increase of 2.86%. Bitcoin (BTC) surged to $115K this morning, and Ether (ETH) also returned above $4,100. According to data from Glassnode, 62,000 Bitcoins flowed out from long-term inactive wallets, which may limit the pump of BTC.

( During Satoshi Nakamoto's period of silence, an early Bitcoin wallet that had been dormant for fourteen years suddenly awakened and transferred 4000 Bitcoins ).

The US-China trade negotiations have made progress, and the stock market is rising.

At the ASEAN Summit on October 26, progress was made in the U.S.-China trade negotiations, alleviating concerns about a comprehensive tariff war. The United States agreed to postpone the imposition of a 100% tariff on Chinese goods, while China postponed restrictions on rare earth exports.

The overall market capitalization of the crypto market has risen to $3.88 trillion, with a 24-hour pump of 2.86%. Bitcoin (BTC) surged to 115K this morning, and Ether (ETH) has also returned above $4,100.

62,000 BTC have flowed out of long-term inactive Wallets, which may limit the BTC pump.

According to data from Glassnode, the supply of illiquid Bitcoin has started to decline, with approximately 62,000 Bitcoins flowing out of long-term inactive Wallets since mid-October. When the illiquid supply decreases, the number of Bitcoins available for trading increases, which will limit Bitcoin price movements if there is no strong new demand.

Illiquid $BTC supply has started to decline, with roughly 62,000 BTC moving out of long-term, inactive Wallets since mid-October. When illiquid supply falls, more coins are available to trade, which can make it harder for price to trend without strong new demand. pic.twitter.com/lyh2R7EtUB

— glassnode (@glassnode) October 25, 2025

Illiquid supply has been a major driving force in this cycle, but the recent pullback has broken this trend. Historically, similar downward trends have also led to a weakening of market momentum as supply returns to the market, and there have been larger scale capital outflows before, such as the 400,000 BTC in January 2024.

But whale wallets have actually been increasing their holdings. In the past 30 days, the amount of coins held by whale wallets has increased, and since October 15, they have not conducted large-scale sell-offs.

The continuous outflow comes from wallets holding 0.1-10 BTC, approximately 10,000 to 1,000,000 USD, which have been continuously selling since November 2024. This indicates that momentum buyers have essentially exited, while dip buyers have failed to provide sufficient demand to absorb the supply. This imbalance is putting pressure on prices until spot demand recovers.

This week, focus on the Federal Reserve's interest rate decision and the tech giants' earnings reports.

Traders will focus on a number of announcements from central banks this week, including interest rate decisions from the Federal Reserve, the European Central Bank, and the Bank of Japan. The Federal Reserve is expected to cut rates by 25 basis points, while the European Central Bank and the Bank of Japan are expected to keep rates unchanged.

The financial reports that large tech companies are about to release should not be missed. Alphabet, Amazon, Apple, Meta, and Microsoft will announce their third-quarter results this week, and MicroStrategy will also release its financial report after the US stock market closes on 10/30.

This article discusses the progress in the US-China trade negotiations, with Bitcoin rising to 115K, and over 60,000 BTC flowing out from long-term holders' Wallets, first reported by Chain News ABMedia.