BTC Surges 6.19% to 118,150 USDT as Institutional Inflows and US-China Trade Deal Drive Demand

Bitcoin (BTC/USDT) has surged 6.19% in the past 24 hours, currently trading at 118,150.00 USDT on Binance, with a 24-hour open of 111,267.94 USDT. The price increase is primarily attributed to strong institutional inflows, evidenced by $769.5 million in ETF investments last week and significant liquidations of short positions totaling over $214 million. Additional momentum has been driven by positive developments such as the 90-day trade agreement between the United States and China, progress on stablecoin regulation in the US Senate, and heightened trading activity surrounding Bitcoin’s repeated all-time highs. Trading volumes remain robust, with Binance reporting a 24-hour BTC/USDT volume of 28,809.43 BTC (approximately 3.30 billion USDT), underscoring continued strong demand and market participation.