$BTC BTC Down 2.84% Amid Geopolitical Tensions, But Institutional Demand and Whale Activity Reach Record Levels

Bitcoin (BTCUSDT) experienced a significant decline in the last 24 hours, with the price dropping 2.84% from the 24-hour opening of $108,175.64 to the current Binance price of $105,104.00. This price movement is primarily attributed to rising geopolitical tensions following Israel's airstrike against Iran, which sparked a risk-averse sentiment among investors and broader market volatility. Additional contributing factors include recent US policy announcements such as new tariffs and proposed tax cuts, payments to FTX creditors, Ether options expiration, and ETF flows, all influencing market dynamics and investor behavior.

Despite the recent decline, institutional interest in Bitcoin remains high, with large entities continuing to accumulate and realized capitalization among new whale addresses reaching record levels. Recent trading volume reached approximately $54.28 billion, and Bitcoin maintains a strong market capitalization of around $2.10 trillion. Over the past week, Bitcoin showed a modest increase of 0.5%, and a 2.1% rise over the last 30 days, reaffirming its resilience as the leading cryptocurrency based on market capitalization and trading volume amid ongoing volatility.