BTC Surges 2.34% to $120,786 as U.S. ETF Inflows and 401(k) Policy Fuel Rally

Bitcoin (BTCUSDT) has surged in the past 24 hours, with the price rising 2.34% to $120,786.85 on Binance. This upward movement is primarily attributed to strong net inflows into U.S. spot Bitcoin ETFs, totaling $403.9 million and led by IBIT with $360 million, following a recent policy change allowing 401(k) retirement plans to include crypto assets. The rally has also been fueled by increased trading activity, bullish technical indicators, and the liquidation of over $100 million in short positions as Bitcoin approached all-time highs. Trading volume remains robust, with over 20,000 BTC exchanged and market capitalization near $2.42 trillion, reflecting heightened market participation and positive sentiment.