BTC Surges 2% as $1B ETF Inflows, Major Withdrawals, and Corporate Buys Drive Supply Squeeze

Bitcoin (BTCUSDT) has experienced a 2.04% price increase over the past 24 hours, with the current price at 119,209.06 USDT on Binance, opening at 116,824.02 USDT. The recent price movement is attributed to several key factors: significant institutional inflows into Bitcoin spot ETFs, with over $1 billion recorded for two consecutive days, and notable corporate treasury acquisitions, including Michael Saylor’s purchase of 4,225 BTC. Additionally, over 93,000 BTC have been withdrawn from centralized exchanges in the last 48 hours, indicating a shift toward self-custody and private vaults, which has reduced available supply and contributed to upward price pressure. Technical developments, such as proposals for quantum-resistant upgrades and an 8% increase in mining difficulty, have also influenced market sentiment. Bitcoin’s market capitalization remains robust at approximately $2.37 trillion, with strong trading volumes and a 24-hour high and low on Binance of 119,794.80 and 116,019.05 USDT, respectively. The asset continues to show resilience and active trading, supported by both institutional interest and ongoing network advancements.