On August 16th, the Putin-Trump meeting concluded. Although it was the longest face-to-face exchange between the two leaders, no concrete results were achieved. Trump described it as "productive but without an agreement", while Putin emphasized the constructive atmosphere and mentioned "reaching some undisclosed agreements". However, the market found it difficult to capture clear signals. This "positive atmosphere but hollow content" deepened concerns in Europe and Kyiv, with global markets maintaining high sensitivity to geopolitical risks.
The crypto market showed short-term fluctuations. BTC oscillated in the 119,200–116,400 range, forming a support band; the concentrated liquidation area is located near 119,600, with a larger pressure zone at 120,000. Order structure indicates that chips have not effectively broken through, with the short term primarily characterized by range-bound oscillations.
Bitunix analysts suggest that while this Putin-Trump meeting had symbolic significance, the lack of substantive consensus cooled market expectations of "war ending", with the balance between safe-haven and risk assets continuing to fluctuate. BTC's current short-term core support is at 116,300 - 115,000, which if maintained, suggests a consolidation trend; however, if breached, it may test 112,300. Upside pressure is at 120,600 → 122,600 → 124,700. In the short term, one should not expect a unilateral market movement, but rather observe whether geopolitical and policy news provide breakthrough opportunities.
