BTC Drops 3.94% After All-Time High: Whale Moves, ETF Inflows, and Key Support Levels in Focus

Bitcoin (BTCUSDT) experienced a 3.94% decline over the past 24 hours, with the price dropping from a 24-hour open of 121,840.86 USDT to a current value of 117,045.78 USDT on Binance. This price pullback follows Bitcoin reaching a new all-time high above 123,000 USDT and is attributed to normal technical retracement after a strong rally, significant profit-taking by large holders (including a reported sale of 9,000 BTC by a Satoshi-era whale), and ongoing market volatility. Despite these fluctuations, Bitcoin remains the fifth-largest global asset by market capitalization, supported by strong ETF inflows totaling $1.18 billion and notable institutional acquisitions such as Sequans Communications purchasing 683 BTC. The 24-hour trading volume on Binance was approximately 3.24 billion USDT, with the market closely monitoring support levels in the $118,000–$119,000 range for potential trend direction.