BTC Price Dips 2.14% After All-Time High Amid $1.02B ETF Inflows and Fed Rate Speculation

Bitcoin (BTCUSDT) experienced a 2.14% price decline over the past 24 hours, trading at $119,134.67 on Binance. The recent price movement is primarily attributed to profit-taking after reaching a new all-time high of $124,474, increased institutional activity reflected by $1.02 billion in Bitcoin ETF inflows, and market anticipation of a potential US Federal Reserve interest rate cut. Additional factors include concentrated short positions near the $125,000 level and ongoing volatility following significant trading volumes, which reached approximately $68.5 billion in the last day. Bitcoin maintains its market leadership with a capitalization of around $2.37 trillion and a circulating supply of 20 million BTC, while investor sentiment remains active, as indicated by high buy activity on major exchanges.