Bitcoin Today News: The China-US trade agreement framework has been reached, BTC price is consolidating at $114,000, and miners' holdings are stabilizing.

The China-U.S. trade negotiations have made significant progress in Kuala Lumpur, with both sides reaching a framework agreement and achieving a preliminary consensus on tariffs, rare earth exports, and fentanyl tariff issues. The implementation of rare earth controls may be postponed for a year. Meanwhile, the Bitcoin price is consolidating around $114,000, with miner holdings stabilizing and selling pressure easing. Market sentiment is gradually turning bullish, and BTC is expected to challenge the key resistance level of $120,000.

Breakthrough in China-US Trade Talks: Both Sides Reach Agreement Framework

According to The New York Times, trade negotiation representatives from China and the United States stated on Sunday that a framework agreement has been reached on tariffs and other issues, with leaders of both countries expected to meet this week.

“We are finalizing the details of the final protocol so that the leaders of both countries can review it and decide whether to jointly complete this protocol,” U.S. Trade Representative Jamieson Greer said to reporters in Kuala Lumpur, the capital of Malaysia. He also revealed that both sides discussed extending a series of tariff ceasefire agreements reached this year.

China: Reached a “preliminary consensus” and will follow domestic procedures

China's chief trade negotiator Li Chenggang stated that the U.S. and China had “in-depth and candid discussions” on the trade agreement and noted that the two sides have reached a “preliminary consensus.”

“Both parties have reached a preliminary consensus on several important economic and trade issues of mutual concern,” Li Chenggang said. He also pointed out, “The next step will be to carry out their respective domestic approval procedures.”

According to reports, the “domestic approval process” mentioned by Li Chenggang can be interpreted as a plan to take administrative measures. The Chinese Ministry of Commerce issued a broad range of new export regulations on October 9, immediately halting any further export of rare earth metal processing technology from China.

Meeting Location and Agenda: Rare Earths, Fentanyl, and Tariffs

The talks were held in Kuala Lumpur, coinciding with the ASEAN meeting, during which U.S. President Trump also began his nearly week-long trip to Asia. He is expected to meet with China's top leader Xi Jinping at another economic meeting in South Korea on Thursday.

The Chinese side introduced that the topics discussed in Kuala Lumpur include bilateral trade, export controls, extending the suspension period of reciprocal tariffs, fentanyl tariffs, and law enforcement cooperation.

Greer pointed out that the negotiations also involve issues related to rare earth metals—most of which are produced in China, which has implemented strict export controls on them this year. “We discussed extending the trade truce, and of course, we also talked about rare earths, we talked about a variety of topics,” he said.

US Officials: Agricultural Products and Fentanyl Tariffs Included in Framework Agreement

U.S. Treasury Secretary Scott Basset said in an interview with ABC's “This Week” that he expects President Trump to have a “great meeting” with Chinese President Xi Jinping later this week in South Korea.

Besenet pointed out that the framework agreement reached by U.S. and Chinese officials includes agricultural product purchases and tariffs related to fentanyl, which will serve as a kind of “warm-up” for this meeting.

He also revealed: “The president warned China that if it implements global export controls on rare earths, he will impose a 100% tariff, which gave me the greatest bargaining chip. It now seems that this threat has been resolved, and the tariff measures can be avoided.”

Rare Earth Export Controls: The Focus of Global Manufacturing Chains

Becent stated that he expects China to “postpone the implementation of these measures for a year while re-evaluating related policies” on rare earth policies.

The negotiations also involve the high port fees recently imposed by the United States on ships built in China or owned by Chinese companies. In response, China has taken retaliatory measures by imposing tariffs on ships built in the United States or owned by American investors.

Rare earth metals are crucial for the global advanced manufacturing industry, including automobiles, semiconductors, drones, industrial robots, offshore wind turbines, and military equipment such as missiles, fighter jets, and tanks. China produces 90% of the world's refined rare earths and rare earth magnets, with some key categories even accounting for 100% of global production.

Since April 4, the Chinese Ministry of Commerce has significantly restricted the export of rare earths and rare earth magnets. The new regulations issued on October 9 are set to take effect on November 8 and December 1, which will limit the cross-border transport of products containing Chinese rare earth magnets, as well as the export of electric vehicle batteries and semiconductor equipment.

Trump warned that if Beijing advances these regulatory measures, a 100% tariff will be imposed on goods coming from China.

Bilateral relations are being cautiously advanced, and the final agreement is yet to be confirmed

Like Li Chenggang, Besant and Greer cautiously described the progress of the Kuala Lumpur negotiations.

“We have laid a very successful framework for discussions between the leaders of the two countries,” Greer stated after the negotiations concluded on Sunday. Neither side has announced a signing date for the final agreement.

Bitcoin Market: Miners' Holdings Stabilize, Price Consolidates at $114,000

Meanwhile, as miner reserves stabilize, the Bitcoin price is consolidating around $114,000, alleviating a major source of selling pressure over the past few months.

During the sluggish period after the halving, miners were forced to sell Bitcoin to cover operating costs, but this trend has noticeably changed now. Miner holdings are stabilizing, and the hash price indicator is gradually improving, indicating that a market bottom may be forming.

As miner reserves stabilize, the price of Bitcoin is consolidating around $114,000, alleviating one of the main reasons for the dumping pressure observed in recent months.

During the sluggish period after the halving, miners were forced to sell Bitcoin to cover operating costs, but there has been a significant change; miners' Holdings have stabilized, and the hash price indicator is gradually improving.

Bitcoin Price Market Information

As of October 27, 2025, the current trading price of Bitcoin is between $110,000 and $118,000, with a resistance level at $120,000. The accumulation signs from large on-chain wallets align with the cessation of miner reserve depletion, indicating a reduction in forced dumping. Furthermore, the improvement in transaction costs has enhanced miners' profitability, allowing them to retain rather than sell their Bitcoin rewards.

The improvement in the economic conditions of miners can serve as the foundation for the next rise, and this view has shifted market sentiment from neutral to bullish. Traders are closely watching the movements of Bitcoin. As global market liquidity conditions normalize and ETF flows remain stable, Bitcoin is set to regain momentum and break through key resistance levels.

Potential Positive Impact on Bitcoin Price

Earlier this year, during the excitement period after the halving, the price of Bitcoin once broke through $125,000 to $130,000, and if the price continues to break through $118,000 to $120,000, it may trigger the price of Bitcoin to break through $125,000 to $130,000.

The increase in hash values (the earnings miners earn per unit of computing power) may help alleviate structural selling pressure. The increase in on-chain activity and the adoption of Layer-2 has also brought higher fee income, providing miners with greater flexibility.

The Downside Risks of Bitcoin Prices

Network and macro factors continue to impact the rise of Bitcoin. Falling below $110,000 could trigger another miner capitulation, thereby depressing Bitcoin sales. A decline in network usage or transaction fees could also put pressure on profitability and reverse the recent bullish trend.

The risk-averse sentiment in the stock market or the resurgence of ETF withdrawals may also suppress the rise of Bitcoin.

Bitcoin Price Prediction Based on Current Levels

Given the stability of miner reserves and the steady recovery of hash rates, Bitcoin price prediction models indicate that BTC is ready to challenge the upward target of $120,000. If confirmed, BTC's bullish momentum in the short term could extend to $125,000 to $130,000. Conversely, if BTC continues to fall below $110,000, it will reignite concerns over miner pressure and overall risk sentiment.

Ultimately, whether the miners' relief measures will translate into long-term supply restrictions will determine the outlook for Bitcoin in the coming weeks – this will be a key factor influencing Bitcoin price predictions and whether BTC can finally break through the $120,000 mark in its next breakout.