BTC Sees 2.14% Dip After All-Time High as Dormant Wallet Moves 20,000 Coins and ETFs Accelerate Buying

Bitcoin (BTCUSDT) experienced a price decrease of 2.14% over the past 24 hours, currently trading at 117,442.19 USDT on Binance. The decline follows a recent surge to a new all-time high above $123,000, with the market now undergoing a standard corrective phase. Contributing factors to the price movement include the activation of a dormant wallet transferring 20,000 BTC, ongoing institutional accumulation—particularly through Bitcoin ETFs acquiring up to 10,000 BTC daily—and heightened regulatory discussions in the U.S. Despite the short-term pullback, technical indicators and sustained institutional interest suggest continued positive sentiment in the broader market.

In the last 24 hours, Bitcoin's trading range was between 115,736.92 and 120,300.00 USDT, with a 24-hour open of 120,013.43 USDT and robust trading volumes reported across exchanges. The current market capitalization stands at approximately $2.33 trillion, with 19.89 million BTC in circulation.