BTC Faces $345M Liquidation Amid Volatility, Interest Rate Hikes, and Surging ETF Inflows

Bitcoin is currently trading at $103,791.89, down 2.08% over the last 24 hours, with recent price action fluctuating between $94,000 and $107,800 and a market capitalization around $2.05–$2.1 trillion. The recent price decline and heightened volatility are primarily attributed to a significant market liquidation event totaling $345 million, predominantly affecting long BTCUSDT positions, as well as broader macroeconomic factors such as U.S. interest rate hikes, a stronger U.S. dollar, regulatory developments, and renewed U.S.–China trade tensions. Additional drivers include the expiry of large Bitcoin options contracts, surging ETF inflows, and ongoing institutional accumulation, all contributing to short-term turbulence despite continued long-term confidence in the asset.