BTC Price Drops 3.16% After All-Time High, $72B Volume Signals Strong Market Activity

Bitcoin (BTCUSDT) experienced a notable price decrease of 3.16% over the past 24 hours, with the current price at $117,839.99 on Binance, following a recent surge to a new all-time high above $124,000. The price change is primarily attributed to profit-taking after the record high, increased institutional activity, significant inflows into Bitcoin ETFs, and heightened trading volumes, as well as a large transfer of 5,000 BTC between wallets indicating capital movement. Despite the pullback, Bitcoin maintains strong trading activity with a 24-hour volume exceeding $72 billion and a market capitalization around $2.34 trillion, reflecting continued investor interest and robust market participation.