Bitcoin experienced a notable rebound, largely attributed to the liquidation of $319 million worth of short positions, which had been held by traders betting against the cryptocurrency. This surge in the digital currency's value comes at a time when market participants are closely monitoring ongoing discussions between the United States and China, as these negotiations could have significant implications for the global economic landscape and, by extension, the cryptocurrency market. Traders are keeping a vigilant eye on any developments in these talks, as they may influence investor sentiment and market dynamics in both traditional and digital assets.
source: https://www.coindesk.com/markets/2025/10/26/bitcoin-rebounds-as-usd319m-in-shorts-are-liquidated-while-traders-eye-u-s-china-talks