BTC Surges 2.46% as Trading Volume Soars and ETFs Accumulate Over 1.25 Million BTC

BTCUSDT has experienced a 2.46% price increase over the past 24 hours, rising from a 24h open of 108375.76 to a current price of 111043.72 on Binance. This upward movement is attributed to heightened trading activity, as evidenced by a significant surge in 24-hour trading volume, and ongoing institutional interest—highlighted by BlackRock’s IBIT ETF now managing over 700,000 BTC and US spot Bitcoin ETFs collectively holding about 1.25 million BTC. Additional support comes from positive investor sentiment, with recent news indicating active dip-buying near key support levels and technical indicators such as a positive RSI and strong weekly buy signals. However, short-term technicals remain mixed, with some analysts noting resistance near 110,530 and potential for both pullbacks and upward breakouts.

Currently, BTCUSDT is trading at 111043.72 with robust trading volume and a 2.46% daily gain, reflecting strong market participation and ongoing volatility near major resistance and support levels.