BTC Slides 2.72% Amid $482M ETF Inflows, Regulatory Moves, and Exchange Withdrawals

Bitcoin (BTCUSDT) is trading at $103,568.33 on Binance, down 2.72% over the past 24 hours from an opening price of $106,459.99. The price decline is primarily attributed to a combination of profit-taking following recent institutional inflows, such as the $482 million net inflow into the BlackRock IBIT ETF, and increased regulatory scrutiny highlighted by a recent U.S. Attorney’s Office filing seeking the forfeiture of over $225 million in crypto assets. Additional factors include the withdrawal of 11,430 BTC from exchanges, which typically signals reduced immediate selling pressure but may also reflect broader market caution after geopolitical events like the Odesa attack. Despite the short-term dip, Bitcoin maintains a dominant market position with a capitalization of approximately $2.06 trillion and a 24-hour trading volume of $54.22 billion, supported by strong institutional participation and ongoing product innovation, such as the upcoming launch of new quarterly BTC futures contracts.