BTC Surges 2.32% to $108,675 as ETF Outflows and Supply Lows Signal Shifting Market Dynamics

Bitcoin (BTCUSDT) has risen by 2.32% over the past 24 hours, with the current price on Binance at 108,675.98 USDT. The price increase is attributed to renewed market optimism following a series of news events, including former President Trump's tariff threats, which initially caused volatility but ultimately coincided with a recovery in Bitcoin's price. Additional factors include the first net outflows from U.S. spot Bitcoin ETFs in 15 days, totaling $342.2 million, and a seven-year low in the proportion of Bitcoin supply held on exchanges at 14.5%, both suggesting shifting investor sentiment and potential supply constraints. Despite mixed technical signals and resistance near the $108,400 to $108,800 range, strong trading activity was observed, with Binance reporting a 24-hour trading volume of $53.57 billion and a market capitalization of approximately $2.175 trillion, reflecting robust market participation and continued interest in Bitcoin.