BTC Surges 4.15% to $118K as U.S. Spot ETF Inflows Hit $1.18 Billion, Exchange Balances Drop

Bitcoin (BTCUSDT) has experienced a strong upward movement in the past 24 hours, with the price rising 4.15% to $118,019.15 on Binance. This surge is primarily attributed to continued robust inflows into U.S. spot Bitcoin ETFs, which saw $1.18 billion in net inflows on Thursday, reflecting heightened institutional interest. Additional factors supporting the rally include Bitcoin exchange balances dropping to an 18-month low, indicating reduced selling pressure, and increased trading activity driven by positive market sentiment and favorable crypto policies.

Currently, BTCUSDT is trading at $118,019.15 on Binance, with a 24-hour trading volume of approximately 36,511.07 BTC (about 4.26 billion USDT). The price fluctuated between a low of $112,985.64 and a high of $118,869.98 over the same period, while the overall market capitalization stands at around $2.16 trillion.