BTC Dips 2.52% Amid Geopolitical Tensions, Yet Strong ETF Inflows Signal Bullish Momentum
Bitcoin (BTCUSDT) is currently trading at $100,962.92 on Binance, down 2.52% over the past 24 hours from an opening price of $103,572.00. The recent price decline is primarily attributed to heightened geopolitical tensions following a warning issued by former U.S. President Donald Trump to Iran, which led to increased market volatility and short-term ETF outflows as some investors adopted a risk-averse stance. Despite this, institutional inflows into Bitcoin ETFs remain strong overall, and technical indicators suggest underlying bullish momentum, with traders closely monitoring the CME gap at $103,323 as a potential upside target. Bitcoin maintains a robust market cap, high trading volume, and a circulating supply of approximately 19.8 million BTC, reflecting continued global investor interest despite recent volatility.