BTC Hits $111,500 All-Time High Before 2.37% Pullback Amid Global Risk Shift and ETF Inflows
Bitcoin is currently trading at $108,454.55 on Binance, down 2.37% over the past 24 hours from an open of $111,089.99, with recent trading volumes reflecting strong but slightly reduced activity after setting a new all-time high near $111,500. The price decline is primarily attributed to increased global risk aversion following the announcement of new US tariffs on EU imports and iPhones, triggering broader market sell-offs, as well as profit-taking after the recent rapid rally and technical concerns about market overheating. Despite this short-term correction, institutional accumulation remains strong, highlighted by significant ETF inflows and ongoing positive sentiment among both retail and institutional investors.