BTC Surges 2% Amid $616M Liquidations and Record Binance Volume in Volatile Trading

Bitcoin (BTCUSDT) saw a 2.08% price increase in the last 24 hours, rising from a 24-hour open of 86,586.94 to 88,390.00 on Binance. This uptick is attributed to several factors: significant transfers such as Wintermute sending 440.1 BTC to Binance, heightened market activity with a 46.70% increase in trading volume, and ongoing macroeconomic uncertainty including concerns over a potential U.S. government shutdown, trade tensions, and the Federal Reserve's decision to maintain high interest rates. Over $616 million in long positions were liquidated, indicating volatility and mixed sentiment as analysts debate potential bullish momentum versus a continuation of the recent downward trend. Bitcoin currently trades near $88,390 with a circulating supply of 19.98 million BTC and a market capitalization of approximately $1.75 trillion, as 24-hour trading volume on Binance reached 1.67 billion USDT.