Bitcoin (BTC) is in the red today, down by 0.54% to trade at $111,949.68. This reflects the correction across the broader market in the last 24 hours. A surge has followed the price correction in trading volumes. They are up by 5.74% to trade at $51.54 billion. This could indicate that holders are liquidating their holdings in the short term. It aligns with the growing sentiment that the market could be headed for a correction after an overextended rally.