BTC Drops 3.88% Amid Middle East Tensions and Weak U.S. Data Despite Strong Institutional Activity

Bitcoin (BTCUSDT) experienced a 3.88% price decline over the last 24 hours, dropping from 108,669.60 to 104,458.01 on Binance. This downward movement was primarily driven by increased geopolitical tensions in the Middle East, particularly the conflict between Iran and Israel, and weaker-than-expected U.S. economic data, which contributed to market uncertainty and risk-off sentiment. Despite recent institutional activity, such as Metaplanet's significant BTC acquisition and new ETF filings in the U.S., these positive developments were outweighed by short-term macroeconomic and geopolitical concerns. Trading volume remained robust, with BTC maintaining high liquidity and a circulating supply of approximately 19.88 million coins, while the broader crypto market experienced a slight decline in capitalization, indicating a cautious and consolidating market environment near historic highs.