My Binance Friends
China Just Flipped the Script on the U.S. â Crypto Felt It First! đšđłđ„
China made its move today, and the timing was perfect.
đ September numbers came in strong: exports surged +8.3%, imports up +7.4% â no sign of slowing down despite U.S. tariff threats.
But the real leverage? Rare earth exports fell 31% under stricter controls. Beijing didnât make a scene â it struck where it hurts: global supply chains. âïž
Markets reacted fast:
đšđł CSI300 -1.8%, Shanghai -1.3%, Hang Seng -3%.
Only rare earth and chip stocks stayed green â everyone knew the pressure points.
đ„ Crypto led the drama:
$BTC dropped 8%, hitting $104K, and $19B in leveraged positions got liquidated â a sharp but classic shakeout.
Then the tone changed.
Trump tweeted that things with China were âsettled.â Beijing followed with calm words â exports arenât stopping, theyâre just being licensed.
The flip was instant:
đ” Dollar pulled back
đ„ Gold hit a new record
âż Bitcoin rebounded to $114.8K
This wasnât just market noise â it was pressure, reaction, and reversal all in real time.
China proved it can absorb shocks and push back. The U.S. went from threat to damage control in 24 hours.
Once again, crypto was the first to react â Wall Street just caught up. đ„
Source: Reuters