Bitcoiners Keep Buying Despite Tariff Drama – What’s Going On?!

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So, right after Bitcoin (BTC) decides to throw a party and breaks its previous all-time high of $109,000, guess what happens? The US government crashes the bash with a shocking wave of selloff! 🎉💥

Bitcoin hits a new ATH of $111,970 on May 22, and the global crypto market cap is like, “Look at me, I’m over $3.5 trillion!” But then, a day later, our buddy President Trump decides to threaten the EU with a 50% tariff on imports. I mean, who doesn’t love a good tariff threat, right? This sends Bitcoin tumbling below $107,000. But here’s the kicker: both small and large investors are still scooping up Bitcoin like it’s the last slice of pizza at a party! 🍕

Declining Bitcoin Balance

According to the folks at Coinglass, the total Bitcoin balance on centralized exchanges has been on a steady decline. It went from 2.26 million BTC on April 23 to 2.15 million BTC on May 24. Coinbase and Binance are leading the charge with 40,772 BTC and 39,713 BTC outflows over the past week. It’s like a game of musical chairs, but instead of chairs, it’s Bitcoin! 🎶

This decline in BTC balance on CEXs suggests that investors are treating Bitcoin like a long-term relationship—serious commitment, folks! It also hints at low price volatility paired with a steady hike in value. And get this: US-based spot BTC exchange-traded funds recorded $2.75 billion in net inflows last week—third-largest weekly inflow. Talk about a money magnet! 💰

The largest single-day BTC ETF net inflow of the week was a whopping $934.7 million on May 22. With these inflows, the cumulative value of these US-based investment products has surpassed the $44.5 billion mark. Institutional investors are clearly feeling optimistic about having Bitcoin on their lists. Who wouldn’t want a little Bitcoin in their portfolio? 😏

Tbh, it’s a good thing $BTC didn’t just keep ripping.

I’d rather a slower run to new highs, with periods of consolidation.

Means that the rally can be more sustainable, rather than a huge blast-off followed by a big correction.

+ more time to get good entries.

— Miles Deutscher (@milesdeutscher) May 24, 2025

Even on May 23, when the EU tariff threat popped up, spot BTC ETFs saw a net inflow of $211.7 million. Bitcoin is currently hanging out at $107,700, just 4% away from last week’s ATH. It’s like that friend who always shows up just in time for the good stuff! 🎈

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2025-05-25 17:31