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Trump's Visit to China: The Core Reasons for Bitcoin (BTC) Decline (5 Key Dimensions, Concise and Direct)
1. Core Logic: Positive Expectations Realized + Uncertainty Hedging
Trump's visit to China from May 13-15 was a profit-taking move after market expectations were fulfilled; combined with the unknown outcome of China-U.S. talks, the market avoided risk, leading to a sell-off of crypto assets, which is the main cause of this decline.
2. Five Direct Trigger Factors (All are core market drivers)
1. Positive expectations fulfilled, major players sell off
Previously, the market speculated "Trump's visit to China → China-U.S. relations easing → risk assets strengthening," which had already priced in the rally; after official confirmation, bullish traders took profits and sold off, pushing BTC down, a typical case of "buying on expectations, selling on facts."
2. Policy regulation uncertainty (most critical)
Trump's stance on crypto has been inconsistent: he previously proposed including BTC in the U.S. strategic reserves, but also frequently signaled regulatory tightening; this visit may involve issues like China-U.S. cryptocurrency regulation and cross-border capital controls, prompting funds to hedge risks early and short BTC.
3. Geopolitical risk transmission (U.S.-Iran tensions)
On the eve of the visit, U.S.-Iran negotiations broke down, tensions escalated, and global risk appetite cooled; as a high-volatility risk asset, BTC funds shifted to gold and the dollar for safety, putting downward pressure on Bitcoin.
4. Short-term technical breakdown (weakening trend)
After a prior rally, BTC was oscillating at high levels without new capital inflows; positive news realization triggered selling pressure, breaking key support levels, causing a chain of futures long liquidations, further accelerating the decline.
5. Trump-related asset sell-off
Trump's affiliated companies hold large amounts of BTC, which had already incurred significant losses due to price drops; during the visit, market concerns about his policy statements being bearish for crypto led to early asset liquidation.