BTC Drops 4.38% After All-Time High; $1B ETF Inflows and $0.81B Liquidations Drive Volatility

Bitcoin (BTC/USDT) experienced a sharp price decline of 4.38% over the past 24 hours, falling from a 24h open of 122,315.67 to a current price of 116,952.21 on Binance. This pullback follows a recent surge to a new all-time high above $123,000, which was driven by strong institutional inflows, particularly into US spot Bitcoin ETFs that saw over $1 billion in net inflows for two consecutive days. The subsequent volatility and retracement have been attributed to profit-taking after the rapid ascent, high trading activity, and increased caution among traders amid warnings of potential market manipulation and large liquidations totaling $0.81 billion.

Currently, Bitcoin remains the top-ranked cryptocurrency with a market capitalization of approximately $2.33 trillion, a circulating supply of 19.89 million BTC, and a 24-hour trading volume reported as high as $150.15 billion, reflecting sustained market interest despite recent price corrections.