Donald Trump's rhetoric regarding China has triggered increased volatility in Bitcoin prices in recent weeks.

According to XWIN Research, the cryptocurrency market was once again influenced by geopolitics in October 2025. US President Donald Trump's harsh statements against China caused significant fluctuations in the Bitcoin (BTC) price, and investor behavior clearly reflected market sentiment. Experts noted that the Net Unrealized Profit/Loss (NUPL) indicator, which measures the extent of unrealized profits, recorded significant emotional surges in response to the politician's statements.

On October 10, Trump threatened to impose 100% tariffs on Chinese imports. The BTC price immediately responded by falling by approximately 8.4% to $104,800. The NUPL value fell below 0.5, indicating a rise in fear and profit-taking among investors. This was the first warning sign of market nervousness.

Then, on October 13, the situation temporarily improved: Trump softened his rhetoric, and the Bitcoin price recovered to near $110,000. The NUPL also began to rise, demonstrating a partial return of trader confidence. However, on October 14, the escalation of the conflict over new export restrictions again led to a decline in Bitcoin prices and a weakening of the NUPL.

Then, on October 24, the White House confirmed a meeting between Trump and Chinese President Xi Jinping scheduled for October 30. The news was seen as a possible sign of easing tensions. Bitcoin's price rose to $113,000, and NUPL began to rise again.

Finally, on October 26, reports emerged that Trump might waive 100% import tariffs if progress was made in negotiations. Bitcoin held above $113,000 and began to rise, while the NUPL rose to 0.52, indicating a return of investor optimism.

According to researchers, the connection between Trump's statements and the dynamics of on-chain metrics demonstrates how macroeconomic and geopolitical events directly influence market psychology. Experts note that the combination of news analysis and blockchain data is becoming a key tool for assessing sentiment in a context of growing uncertainty.

Source: cryptonews.net