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Price & Market Movement
Bitcoin is currently trading around $117,550, having dipped approximately 0.01% intraday from the prior close .
The recent pullback follows an all-time high near $124,000, highlighting ongoing volatility and profit-taking activities Blockchain News+1The Economic TimesBarron's.
A surge in U.S. inflation data (Producer Price Index) raised concerns about delayed rate cuts, adding downward pressure on BTC and reducing risk appetite Barron'sThe Coin Republic.

Institutional Activity & ETF Flows
BlackRock’s spot Bitcoin ETF (IBIT) notably purchased over $500 million worth of BTC, signaling confidence in “buying the dip” during this market correction Cointelegraph.
Meanwhile, Franklin Templeton’s ETF saw zero net flows today—suggesting a pause in redistribution activity.

Market Sentiment & Outlook
Volatility has cooled slightly in Asian markets, yet options markets still show a preference for downside protection, reflecting cautious sentiment $BTC

#BTC #Artical