BTC Dips 2.2% Amid Profit-Taking, Yet Institutional Inflows and Trading Volume Signal Ongoing Strength

Bitcoin (BTCUSDT) experienced a 2.20% price decline over the last 24 hours, with the current price at 118,739.98 USDT on Binance. The downturn is primarily attributed to profit-taking after a recent rally, rejection at higher resistance levels, and increased short-term bearish sentiment among traders. Despite the price retreat, market activity remains robust, supported by a substantial 24-hour trading volume and continued institutional interest, as evidenced by significant inflows into spot Bitcoin ETFs and corporate investments. Bitcoin maintains a strong market capitalization of approximately $2.37 trillion and a circulating supply near 20 million coins, with the price showing a 4.35% increase over the past week.