Bitcoin is currently trading near $113,800 as investors closely monitor the Federal Reserve's potential decision to pause quantitative tightening (QT) and the upcoming Trump–Xi summit. These events are anticipated to influence Bitcoin's trajectory, with a dovish Fed potentially boosting liquidity and driving prices toward $118,000. Additionally, positive developments in U.S.-China trade discussions could enhance market risk appetite. Despite the current stability, a decline below $111,600 might lead to a retest of the $108,000 level. Coinglass data indicates modest Bitcoin outflows from exchanges, reflecting growing confidence among holders.