Trump went to Beijing. Bitcoin reacted to Wall Street.

During the May 13-15 2026 Trump-Xi summit, BTC sold off twice and bottomed within $100 of the same level ($78,730 and $78,632). The news cycle blamed Xi's Taiwan warning and the summit's anticlimactic close. Order flow tells a different story: both cascades started within 30 minutes of NYSE cash open, alongside SPY, QQQ, gold, and oil.