Major news from China and the US! Trump will visit China "in the near future," and the "BTC flash crash" has shocked the market before US-China negotiations.

Bitcoin (BTC) experienced a flash crash before the weekend, currently reported at around $115,200 during the European session today (25), a significant pullback from last week's historical high of $123,000. With a large inflow of funds into Bitcoin Spot ETFs, crypto assets are currently highly correlated with risk assets such as US stocks. The market is focused on the upcoming US-China tariff negotiations next week, with Japanese media revealing that President Trump will soon visit China.

According to Nikkei Asia, Trump stated earlier this week that amid rising trade and security tensions, he might visit China soon, which would be a milestone visit. Trump told reporters in the Oval Office at the White House, "China has invited me to visit, and we may do so in the near future. It's a bit far, but not too far. Many people have invited me, and we will make a decision soon."

According to a report by Reuters citing two people familiar with the matter, Trump discussed the possibility of a meeting between the leaders of the two countries during the U.S. president's visit to Asia later this year.

Sources say that although the meeting plans have not been finalized, discussions across the Pacific include the possibility of Trump staying during the APEC summit in South Korea, or holding talks between events from October 30 to November 1.

Another possible itinerary is to participate in the ceremony commemorating the 80th anniversary of the end of World War II, which will be held in China on September 3, where Russian President Putin plans to attend.

Trump has suspended the tit-for-tat tariff war, which has disrupted global trade and supply chains. In recent weeks, Trump has been trying to ease tensions with Beijing.

Trump previously attempted to impose tariffs on nearly all foreign goods, stating that this move would stimulate domestic manufacturing, but critics argued that it would make many consumer goods more expensive for Americans.

He called for a unified baseline tariff of 10% on imported goods from all countries, and for higher tariffs on imports from certain countries, including China. Currently, the highest tariff rate on imports from China is 55%.

Trump has set August 12 as the deadline for achieving a lasting tariff agreement between China and the United States.

Other friction points between the two countries include China's support for Russia, the trade of fentanyl-related chemicals, regional security concerns, and exit bans on certain U.S. residents.

According to a report by The Wall Street Journal (WSJ) on Friday, Trump is currently seeking to reach an agreement with China. As the United States prepares for a new round of trade negotiations with Chinese officials next week, Trump's strategy is shifting from pressure to negotiation in order to achieve an economic agreement that would expand U.S. access to the Chinese market, particularly in the commercial and technological sectors.

Before the negotiations between China and the US next week, Bitcoin traders' greed sentiment has declined, and cautious sentiment is gradually strengthening, leading to a price pullback to around $115,200 before the weekend.

(Source: CoinMarketCap)

But if favorable news comes from the Sino-U.S. negotiations next week, it is expected to stimulate the rise of Bitcoin, altcoins, and risk assets such as U.S. stocks.