Bitcoin and the broader crypto market surged over the weekend, with Bitcoin gaining 3.5% to trade around $115,235. This sudden rally was primarily driven by renewed optimism surrounding the U.S.-China trade war, after officials met and established a preliminary agreement to cool tensions.
Experts emphasize that this is a reflexive macro move, underscoring how digital assets are increasingly seen as “high-beta macro assets.” According to Daniel Liu of Republic Technologies, traders are pricing in a softer macro environment and looser financial conditions rather than reacting to fundamental changes in the trade dynamic.
Despite the surge, Bitcoin remains about 6.5% below its October 6th all-time high of $126,000. Market data reveals that large holders (the “dolphin” cohort) are continuing to accumulate the asset, keeping the long-term bullish trend intact despite recent market shake-ups. While near-term on-chain metrics show some vulnerability, firms like Tiger Research maintain a strong Q4 outlook, forecasting a $200,000 target for Bitcoin, supported by global liquidity and institutional inflows.
October 2025, Cryptoniteuae
