BTC Slides 2.1% After US PPI Data, $327M Liquidated as Bitcoin Holds Near All-Time High

BTCUSDT declined by 2.10% over the last 24 hours, with the current price at $104,735.53 on Binance. This price movement is primarily attributed to increased market volatility following the release of the U.S. Producer Price Index at 2.6%, which influenced expectations for Federal Reserve rate decisions and triggered over $327 million in liquidations, including $235.38 million from long positions. Despite the recent pullback, Bitcoin remains near its all-time high of $112,000, supported by robust institutional demand, significant ETF inflows, and post-halving supply constraints. Trading volume remains elevated, with 24-hour volume at approximately $43.13 billion and market capitalization above $2 trillion, reflecting continued strong interest and liquidity in the market.