BTC Slides 2.16% Amid $585M Liquidations and $547M ETF Inflows Ahead of Fed Symposium

BTCUSDT experienced a 2.16% price decrease over the past 24 hours, currently trading at $113,578.20 on Binance. The decline is primarily attributed to market consolidation following recent record highs, profit-taking by investors, and anticipation of signals from the upcoming Federal Reserve symposium. Additional factors include significant liquidations totaling $585 million, with $125 million in Bitcoin long positions, and ongoing institutional activity such as spot ETF inflows of $547.82 million and corporate purchases. Bitcoin's 24-hour trading volume remains robust, reflecting continued investor interest amid dynamic price movements.