Bitcoin is under renewed bearish pressure as $600 million in short positions have emerged amid escalating U.S.-China trade tensions. The cryptocurrency, which failed to maintain its mid-week level of $115,000, is now testing the $110,000 support. The market volatility has been exacerbated by Donald Trump's confirmation of ongoing trade tensions, with potential 100% tariffs looming on November 1. A significant $600 million short position was executed across multiple assets, including $194 million on Bitcoin at 10x leverage, just 90 minutes before Trump's comments on the trade war. This strategic move highlights the heightened market uncertainty as traders react to geopolitical developments.