BTC Climbs 2.91% Near All-Time High as Institutional Interest and Profit-Taking Shape Market

Bitcoin (BTC) is currently trading at $110,095.24 on Binance, reflecting a 2.91% increase over the past 24 hours with moderate trading volume, as it remains near its all-time highs and continues to show strong market capitalization and liquidity. The recent price rise is attributed to renewed institutional and retail interest following Bitcoin’s brief surge past $111,800, ongoing positive sentiment among analysts, and increased buying activity, although technical indicators such as a MACD bearish crossover and RSI trendline breach suggest some short-term caution; distribution by short-term holders and the opening of significant leveraged short positions also indicate active profit-taking and hedging as the market consolidates near key resistance levels.