BTC Pulls Back 2.5% After Record $111,970 High as Market Consolidates Recent 47% Surge

Bitcoin is currently trading at $108,671.59 on Binance, down 2.47% over the past 24 hours from an open of $111,428.86, with daily trading volume moderating after reaching a new all-time high of $111,970 on May 22, 2025. The recent price decline follows a period of strong gains—driven by institutional inflows, positive regulatory developments, and increased investor confidence—which pushed Bitcoin up nearly 18% over the past month and 47% since April’s lows. The slight retracement is attributed to profit-taking after the record high, subdued retail speculation, and technical consolidation, as the market digests recent gains and awaits further catalysts, with technical indicators and funding rates suggesting limited signs of overheating. Broader market sentiment remains positive, supported by ongoing community events and stable institutional demand.