BTC Surges 2.88% as Trading Volume Soars and $1B ETF Inflows Signal Strong Institutional Demand

Bitcoin (BTC/USDT) has experienced a 2.88% price increase over the past 24 hours, currently trading at 121,714.82 USDT on Binance. This upward movement is primarily attributed to a surge in trading activity, with a 198.80% increase in volume, renewed institutional interest as evidenced by two consecutive days of over $1 billion net inflows into U.S. spot Bitcoin ETFs, and notable on-chain activity including the movement of $8.6 billion from long-dormant wallets. Additional contributing factors include a recent increase in Bitcoin’s mining difficulty and growing corporate attention toward altcoins, which has supported broader market sentiment.

The current market overview shows Bitcoin maintaining strong momentum, with a 24-hour trading volume of 21,041.88 BTC (approximately 2.53 billion USDT) on Binance, a market capitalization near $2.42 trillion, and a circulating supply close to 20 million BTC. The asset has also gained 12.34% over the past week, reflecting sustained bullish sentiment and robust market participation.