BTC Price Drops 2.73% Amid $13.8B Options Expiry and Major Institutional Moves

Bitcoin (BTCUSDT) experienced a 2.73% price decrease over the last 24 hours, with the current price at 109,814.10 USDT according to Binance data. The decline is primarily attributed to heightened market volatility surrounding the expiry of $13.8 billion in Bitcoin options, significant whale transactions, and the release of U.S. Initial Jobless Claims data. Additional factors influencing sentiment include net inflows of $81 million into Bitcoin ETFs, MicroStrategy’s acquisition of 430 BTC, and Metaplanet’s announced plans to raise $881 million for future Bitcoin purchases. Trading volume remained robust, ranging between $58.15 billion and $63.39 billion, with Bitcoin’s market capitalization estimated at $2.19–$2.24 trillion and a circulating supply of approximately 19.91 million BTC. The market is closely monitoring key support and resistance levels amid ongoing volatility and institutional activity.