BTC Price Dips 2% Amid $870M Liquidations, Strong On-Chain Gains and Exchange Outflows

In the past 24 hours, Bitcoin (BTCUSDT) has experienced a price decrease of 2.07%, with the current Binance price at $93,137.56, down from an open of $95,109.54. The decline is largely attributed to macroeconomic concerns, specifically increased regulatory scrutiny and fears of a potential trade war between the US and the European Union, which triggered significant liquidations in the futures market totaling over $870 million. On-chain data shows strong realized gains, with 83-84% of BTC supply currently profitable and substantial outflows of BTC from exchanges to private wallets, indicating continued investor activity. Bitcoin maintains robust market capitalization near $1.9 trillion, a 24-hour trading volume between $17.44 billion and $21.12 billion, and a circulating supply of approximately 19.97 million BTC. Market activity remains high, supported by institutional interest and frequent trading, while Binance's upcoming listing of a new BTC/USDT spot trading pair is expected to further enhance liquidity.