BTC Slides 2.16% Amid $600M Liquidations and Miner Capitulation Despite Strong ETF Inflows

BTCUSDT is currently trading at 92,953.00 USDT on Binance, reflecting a 2.16% decrease over the last 24 hours from an opening price of 95,005.00 USDT. The price decline is attributed to a combination of bearish technical signals, including lower highs and consolidation near support, ongoing miner capitulation indicated by a 15% drop in hashrate, and heightened market volatility with significant liquidations totaling $600 million and continued withdrawals from centralized exchanges. Despite notable capital inflows of $2 billion last week and institutional interest supported by Bitcoin ETF approvals, recent market events such as exchange glitches and asset losses have contributed to short-term selling pressure. Trading activity remains robust, with 24-hour volume exceeding $16.95 billion, and Binance leading in BTCUSDT pair activity.