BTC Slides 2.3% Amid $11.5B Options Expiry, Whale Transfers, and Surging Institutional Inflows

Bitcoin is currently trading at $103,486.93 on Binance, down 2.31% over the past 24 hours from an opening price of $105,935.00, with high trading volumes and a market capitalization near $2.1 trillion, maintaining over 61% market dominance. The recent price decline is primarily attributed to significant on-chain activity, including a large whale transfer of over 15,000 BTC to Binance wallets and the expiry of approximately $11.5 billion in Bitcoin options, which triggered substantial liquidations totaling $700 million and increased short-term market volatility. Additional factors influencing price movements include robust institutional inflows into Bitcoin ETFs, favorable macroeconomic conditions such as lower-than-expected U.S. inflation, and increased CME trading volumes, all contributing to heightened market activity and ongoing volatility.