The BTC/USDT perpetual futures on Binance are currently trading at $108,970.90, representing a slight decline of 0.21% over the past 24 hours. The price has fluctuated between a daily low of $107,438.00 and a high of $110,700.00, indicating moderate volatility. BTC is trading below its short-term and medium-term moving averages (MA(7) at $109,449.70 and MA(25) at $109,346.30), and also below the long-term MA(99) at $108,689.10, reflecting a downward price correction. The RSI(6) stands at 31.1, approaching the oversold territory, which may suggest potential for a near-term rebound if buying pressure increases. The 24-hour trading volume reached 223,589 BTC, equivalent to $24.45 billion USDT, reflecting strong market activity. While the daily performance is slightly negative (-1.11%), BTC remains resilient over longer timeframes, with a 3.62% gain over the past week and 25.57% over the last 90 days. Additionally, BTC futures have risen 14.69% over 180 days and an impressive 55.17% over the past year, highlighting its continued dominance and bullish long-term trend in the crypto derivatives market.
