Bitcoin moves sideways despite hints of US-China negotiations

Trump "In Dialogue with China... Negotiation Settlement in 3-4 Weeks"
Market Declines due to Tariff Fatigue... Cryptocurrency, Hwangbo
Adler "BTC Long-Term Holders Accumulating BTC in Recent 9 Days"

US President Trump opened up the possibility of negotiating a settlement with China, but Bitcoin (BTC) remained stagnant on the 18th due to the tariff fatigue formed in the asset market.

At the White House executive order signing ceremony on the 17th, President Trump said, "We are in dialogue with China" and "I think the negotiation settlement will be in about 3-4 weeks."

As the exact negotiation results were not disclosed and the asset market was already tired of Trump's comments, it did not rebound. The cryptocurrency market also did not significantly react to the asset market's decline.

Bitcoin hovered around the $84,000 level, and most altcoins maintained prices similar to the 17th.

There were opinions that Bitcoin is not reflecting its status as 'digital gold'.

JP Morgan explained in a report on the 17th, "Gold is using its position as a safe asset to drive fund inflows in both ETF and futures markets, but Bitcoin is not attracting funds to either side and is not benefiting as a safe asset."

◇Bitcoin = The Bitcoin price on Upbit at 4 PM on the 18th is 122.3 million won. Bitcoin's dominance was 63.95%.

According to on-chain analysis platform Sigbit, the long and short betting ratio in the Bitcoin futures market was 46.76% and 53.24%, respectively.

A forecast predicting Bitcoin's rebound based on on-chain data was revealed.

Alex Adler, a Cryptoquant analyst, pointed out on his X account on the 17th that Bitcoin long-term holders have accumulated 297,000 BTC in the past 9 days.

On-chain data classifies those who have held Bitcoin for more than 155 days as 'Bitcoin long-term holders'. Bitcoin long-term holders are those who accumulate Bitcoin regardless of short-term Bitcoin trends, and their movements are used as an important reference material.

Adler said, "Bitcoin long-term holders have accumulated 297,000 BTC" and added, "Do I need to say more?"

◇Rising Coins = At 4 PM on the 18th on Upbit, the cryptocurrency with the largest increase from the previous trading day was Threshold (T), rising by about 51%.

The Threshold (T) network was built to enable users on the Nucypher token (NU) and Keep token (KEEP) blockchain to simultaneously implement Nucypher's advantage of data encryption and Keep's advantage of data storage.

Threshold operates as a system that can build its own privacy layer to protect user data and personal information. Individual blockchains can use this network to separate public and private data while connecting each other through Threshold as a bridge concept.

◇Fear and Greed Index = The digital asset Fear and Greed Index provided by Alternative is maintaining the 'Fear' stage at 33 points. The fear stage (20-39) is a period when cryptocurrency price volatility and trading volume increase, indicating a price decline section. There is a high possibility of short-term bottom formation, so caution is advised when buying.

The Relative Strength Index (RSI) for cryptocurrencies provided by Sigbit recorded 53.1, in a 'neutral' state. RSI determines the relative strength between upward and downward pressure of a specific asset price and is an indicator showing the overbought and oversold scale of a specific asset.

Reporter Seung-won Kwon ksw@blockstreet.co.kr