BTC Holds $107K Support Amid 2.69% Drop, Strong ETF Inflows and Bullish Hash Ribbon Signal

Bitcoin (BTCUSDT) experienced a 2.69% price decline over the past 24 hours, with the current price at $105,987.62 on Binance, down from a 24h open of $108,913.64. This price drop is mainly attributed to a combination of volatile consolidation near major support levels, recent profit-taking following the May 22 all-time high, and broader crypto market softness, as reflected by a 2.5% decline across top tokens. Despite short-term bearish momentum, institutional demand, increased spot ETF inflows, and a bullish on-chain "Hash Ribbon" signal indicate underlying market strength. Trading activity remained robust, with high spot volume and notable exchange flows, as Bitcoin maintained a strong market cap above $2.1 trillion and defended the $107,000 support zone.