BTC Sees 2.06% Dip to $107,470 Amid $407M ETF Inflows and Strong Institutional Demand

In the past 24 hours, BTCUSDT experienced a price decline of approximately 2.06%, trading at $107,470.19 on Binance. This movement is primarily attributed to profit-taking after a strong weekly recovery, despite robust institutional demand as ETF inflows surpassed $407 million in a single day, with major firms such as BlackRock, Fidelity, ARK, and Bitwise increasing their Bitcoin holdings. Positive macroeconomic developments, including a ceasefire between Iran and Israel and a more accommodative stance from the Federal Reserve, have supported recent gains, while anticipation around US Non-Farm Payroll data and a decrease in trading volume have contributed to short-term volatility. Bitcoin remains near its all-time high, with a 24-hour trading volume of approximately $43.26 billion and a market capitalization of around $2.14 trillion, maintaining its dominance in the cryptocurrency market.