BTC Price Slides 6.76% Amid $172M ETF Outflows, Record 60,000 BTC Exchange Inflow, $854M Liquidations

Bitcoin (BTCUSDT) experienced a notable decline of 6.76% over the past 24 hours, with the current price on Binance at $71,109.96, opening at $76,264.65. The recent drop is primarily attributed to significant outflows from Bitcoin ETFs totaling $172 million, the movement of 60,000 BTC to exchanges at a loss marking the highest single-day inflow this year, and widespread market liquidations reaching $854 million. Additional factors contributing to bearish sentiment include on-chain data indicating a loss of the "Realized Price Average," discussions of potential institutional selling, and broader declines in other major cryptocurrencies. Despite the recent volatility, trading activity remains robust, with a 24-hour BTCUSDT volume on Binance exceeding $4 billion and Bitcoin's overall trading volume across all exchanges at approximately $44 billion.