BTC Surges 2.36% as Institutional Inflows and Whale Accumulation Drive $2.5B Volume

Bitcoin is currently trading at $109,712.79 with a 24-hour opening price of $107,179.97, reflecting a 2.36% increase; trading volume on Binance reached $1.2 billion, with overall 24-hour volume across major exchanges totaling $2.5 billion. The recent price increase is attributed to continued institutional inflows into spot Bitcoin ETFs, which saw $211.74 million in new investments on May 23, 2025, and ongoing accumulation by large holders as indicated by a 15% rise in wallets holding over 100 BTC. Additional factors include heightened market activity around Bitcoin Pizza Day celebrations and strong technical indicators, such as a bullish MACD crossover and increased leveraged trading, all contributing to the positive momentum despite recent price volatility and short-term consolidation.