Bitcoin experienced a significant rebound, trading at approximately $114,501 late on October 26, as $319.18 million in short positions were liquidated. This surge comes amid ongoing U.S.-China trade discussions, which have captured traders' attention. The Chinese Embassy in the U.S. reported 'candid, in-depth and constructive' talks in Kuala Lumpur between Chinese Vice Premier He Lifeng and U.S. officials, with both sides reaching basic consensuses. These developments, alongside the anticipated Trump-Xi meeting at the APEC Summit on October 30, are influencing market dynamics as traders also look ahead to the upcoming FOMC meeting.