Bitcoiners Didn’t Stop Accumulating Despite Another Tariff Shock
The post Bitcoiners Didn’t Stop Accumulating Despite Another Tariff Shock appeared on BitcoinEthereumNews.com.
Key Notes US President Donald Trump threatened a 50% tariff on EU imports. Bitcoin investors showed signs of consistent accumulation. Spot BTC ETFs recorded their third-largest weekly inflows. Right after Bitcoin (BTC) broke its previous all-time high of $109,000, a shocking wave of selloff was triggered from the US government’s side again. Bitcoin reached a new ATH of $111,970 on May 22, and the global crypto market cap surpassed the $3.5 trillion mark again. A day later, US President Donald Trump threatened the European Union with a 50% tariff on all imports. Trump said the negotiations with the EU were not going well. This brought a massive wave of selloffs. Bitcoin dropped below $107,000. However, both small and large investors continued their Bitcoin accumulation. Declinding Bitcoin Balance According to data from Coinglass, the total Bitcoin balance on centralized exchanges has been consistently declining over the past month, falling from 2.26 million BTC on April 23 to 2.15 million BTC on May 24. Coinbase and Binance lead with 40,772 BTC and 39,713 BTC outflows over the past week. The declining BTC balance on CEXs shows that investors are likely accumulating the leading cryptocurrency as a long-term investment. This also hints at low price volatility paired with a steady hike in value. US-based spot BTC exchange-traded funds recorded $2.75 billion in net inflows last week — their third-largest weekly inflow — according to data from SoSoValue. The largest single-day BTC ETF net inflow of the week was worth $934.7 million on May 22. With the latest set of inflows, the cumulative value of these US-based investment products surpassed the $44.5 billion mark. The strong ETF inflows suggest that institutional investors have also been optimistic about having Bitcoin on their lists. Tbh, it’s a good thing $BTC didn’t just keep ripping. I’d rather…
Filed under: News - @ May 25, 2025 8:24 am