BTC Drops 3.52% After Profit-Taking, Yet Institutional Inflows and ETFs Signal Ongoing Strength

Bitcoin (BTCUSDT) experienced a 3.52% decline over the past 24 hours, with the price dropping from 108,274.00 to 104,466.84 on Binance. This pullback is primarily attributed to profit-taking after BTC reached above $110,000 earlier in the week, despite continued institutional interest, major acquisitions such as Metaplanet’s purchase of 1,112 BTC, and five consecutive days of strong net inflows into US spot Bitcoin ETFs totaling over $1.3 billion. The market remains active, with trading volumes between $31 billion and $53 billion and a circulating supply of approximately 19.88 million BTC. While the price has consolidated below recent highs, ongoing institutional participation, record network hashrate, and high-profile corporate developments continue to support overall bullish sentiment in the market.