The BTC/USDT perpetual futures on Binance are trading at $111,624.70, showing a daily increase of +1.93%. Over the past 24 hours, the price has ranged between $109,153.4 and $111,959.5, with a significant trading volume of approximately 246,859 BTC, translating to $27.38 billion USDT. The current price is above the short-term MA(7) of $111,244.2 and the medium-term MA(25) of $110,913.2, indicating a bullish momentum. The Relative Strength Index (RSI) stands at 64.6, suggesting moderate bullish strength without being overbought. BTC/USDT has posted gains across all time frames, with notable increases of +23.17% over the past 30 days, +14.19% over 180 days, and a strong +58.85% over the past year. The overall setup suggests continued positive sentiment and accumulation, supported by solid technical indicators and consistent volume.
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