BTC Pulls Back 4.22% After All-Time Highs as Institutional Inflows and Miner Activity Drive Volatility

Bitcoin (BTCUSDT) has experienced a 4.22% price decrease over the past 24 hours, currently trading at $116,997.82 on Binance. This pullback follows a recent surge to new all-time highs above $123,000, driven primarily by strong institutional inflows, including over $2 billion in spot Bitcoin ETF net inflows last week and record open interest in perpetual contracts. Increased BTC transfers from miner wallets to exchanges and a lack of significant retail investor activity have contributed to the recent volatility and price correction. Despite the short-term decline, technical indicators remain strong, with BTC trading above key moving averages and maintaining high trading volumes, reflecting ongoing institutional interest and robust market capitalization.