BTC Drops 4.19% After All-Time High Amid $276M Liquidations and Geopolitical Tensions

Bitcoin (BTCUSDT) experienced a 4.19% decline over the past 24 hours, with the price dropping from a 24h open of 122,248.65 to the current level of 117,122.86 on Binance. This price correction followed a new all-time high near $123,300, driven initially by strong institutional inflows into spot Bitcoin ETFs and bullish sentiment in the broader market. The subsequent downturn was triggered by a bearish geopolitical statement from former President Trump regarding Russia, which led to significant liquidations, including a major BTCUSDT position valued at $98.10 million. Additional volatility was observed as $276 million in leveraged crypto positions were liquidated, with $83.85 million attributed to Bitcoin. Despite the short-term decline, Bitcoin maintains a robust market capitalization of approximately $2.35 trillion, with a circulating supply of around 19.89 million BTC and 24-hour trading volumes ranging from $3.53 billion to $3.64 billion USDT. The weekly trend remains positive, reflecting continued institutional interest and resilient market fundamentals.