BTC Slides 2.84% Amid Geopolitical Tensions, Yet Institutional Demand and Whale Activity Hit Records

Bitcoin (BTCUSDT) experienced a notable decline over the past 24 hours, with the price dropping 2.84% from a 24h open of $108,175.64 to a current Binance price of $105,104.00. This price movement is primarily attributed to heightened geopolitical tensions following Israel’s airstrikes against Iran, which triggered risk-off sentiment among investors and broader market volatility. Additional contributing factors include recent U.S. policy announcements such as new tariffs and proposed tax cuts, FTX creditor payouts, Ether options expiry, and ETF inflows, all influencing market dynamics and investor behavior.

Despite the recent downturn, institutional interest in Bitcoin remains elevated, with large entities continuing to accumulate and realized capitalization among new whale addresses reaching record levels. The latest trading volume stands at approximately $54.28 billion, and Bitcoin maintains a strong market capitalization of around $2.10 trillion. Over the past week, Bitcoin has shown a modest gain of 0.5%, and a 2.1% increase over the past 30 days, underscoring its resilience as the leading cryptocurrency by market cap and trading volume amid ongoing volatility.