BTC Drops 3% After All-Time High, $303M Liquidated as ETFs Attract $2.7B Inflows

Bitcoin (BTCUSDT) experienced a 3.07% price decline over the past 24 hours, with the current price at 117,187.84 USDT on Binance. This downturn follows a recent surge to a new all-time high above $123,000, after which the market saw a technical retracement as traders took profits and the price tested key support levels around $118,000. The sharp price movement coincided with significant liquidations totaling over $303 million in the past four hours, including $206 million in Bitcoin positions, indicating high volatility and leveraged trading activity. Despite the pullback, Bitcoin continues to attract strong capital inflows, particularly into spot ETFs, which saw a net inflow of $2.72 billion between July 7 and July 11, 2024, supporting overall market interest and trading volume. The 24-hour trading volume remains robust at over $182 billion, and Bitcoin maintains a dominant market capitalization above $2.35 trillion, with a circulating supply of approximately 19.89 million BTC.