Original author: 1912212.eth, Foresight News
After breaking through $110,000 to set a new all-time high, Bitcoin has recently experienced a pullback.
On the evening of May 25, BTC even fell to around $106,000, and then slowly climbed, and is now approaching the $110,000 mark again. Some currencies have once again turned from falling to falling. According to Coinglass data, in the past 24 hours, the entire network has liquidated about $208 million, long orders have liquidated $114 million, and short orders have liquidated $93.59 million. Among them, Bitcoin liquidated $42.01 million and Ethereum liquidated $49.05 million.
Well-known tycoon James Wynn closed his $1 billion short position of BTC between 6:09 and 6:15 this morning, totaling 9,402 BTC. The average opening price was $107,069, and the average closing price was $108,757, resulting in a loss of approximately $15.86 million.
Since the beginning of April this year, Bitcoin has achieved seven consecutive increases on the weekly chart, and the capital momentum performance is quite rare. Historically, the price of Bitcoin often falls back and consolidates after achieving seven consecutive increases on the weekly or monthly chart. Will it be the same this time?
However, there are still catalysts worth paying attention to in the subsequent market.
Bitcoin and Ethereum spot ETF data shows extremely strong performance
Since May this year, the inflow of Bitcoin spot ETF data has been very strong. From May 1st to now, there have been only two days of small net outflows, and the rest have recorded large inflows. There were four times when the net inflow exceeded US$600 million in a single day, and only four times in the whole month when the net inflow was less than US$200 million.
Currently, the total net inflow of Bitcoin spot ETFs has reached US$44.53 billion.
Ethereum spot ETF also performed relatively optimistically. Since May 12, there have been only two small net outflows, and the rest have been net inflows. It is worth mentioning that on May 22, there was a net inflow of more than 110 million US dollars in a single day, which is quite rare and set a new high since February this year.
The strong capital inflows into Bitcoin and Ethereum spot ETFs have injected optimism into the subsequent currency price trends.
Bitcoin 2025 Conference to be held from May 27 to 29
The annual Bitcoin 2025 conference will be held in Las Vegas from May 27 to 29, 2025.
Speakers list includes: · US Vice President JD Vance
Ross Ulbricht, founder of Silk Road
Trumps second son Eric Trump
Donald Trump Jr., the eldest son of Trump
Michael Saylor, founder of Strategy
· U.S. Senator Cynthia Lummis
It is worth noting that Trump made remarks in support of Bitcoin at the Bitcoin 2024 conference, including supporting the establishment of strategic reserves for Bitcoin and promoting the United States to dominate the Bitcoin mining and encryption industries. During the conference from July 26 to 27, Bitcoin turned from falling to rising, and even broke through $70,000 on July 29.
The guests participating in this event undoubtedly have great influence in the political and business circles, and may promote the development of Bitcoin in commercial applications and policies.
FTX repayments will begin on May 30, with a total allocation of over $5 billion
FTXs main repayment will begin on May 30, with a total distribution of more than $5 billion, the second distribution to creditors. This is another major development after the first payment to small creditors with less than $50,000 in February 2025. FTX previously made the first repayment distribution to small creditors in the Convenience Classes in the Chapter 11 reorganization plan.
Recently, Sunil, the representative of FTX creditors, also issued a statement confirming that FTXs repayment will be issued on May 30, and step 9 has been updated to Allow Claims:
· Users with amounts exceeding $50,000 will receive 72.5% of the compensation;
The remaining compensation (up to 100%) and interest will be paid in subsequent distributions.
The inflow of $5 billion may improve market liquidity in the short term. In addition, since the compensation is paid in cash, this part of the funds may be converted into buying orders for mainstream currencies such as Bitcoin.
Trump resumes 90-day negotiating window with EU
In May 2025, the tariff negotiations between the EU and the US continued to be tense. At the beginning of the year, the Trump administration imposed tariffs of 20% to 50% on the EU, covering steel, aluminum, automobiles and other fields. The EU responded by imposing retaliatory tariffs on US goods. On May 23, Trump said, The main purpose of the establishment of the EU is to take advantage of the United States in trade. The negotiations between the United States and them have made no progress. It is recommended to impose a 50% tariff directly on EU products from June 1, 2025. This remark once caused the US stock market and Bitcoin to fall.
However, on May 26, Trump said that the EU requested to extend the window for trade negotiations and had agreed to extend the deadline to July 9. Earlier, European Commission President Ursula von der Leyen said on Sunday after a call with Trump that the EU was ready to quickly and decisively advance trade negotiations with the United States, but needed Trump to return to the 90-day negotiation period he originally set.
After the news was announced, Bitcoin rebounded and broke through $109,000.
In addition, this month, the United States reduced its tariffs on Chinese goods from 145% to 30%, and China reduced its tariffs on American goods from 125% to 10%, and initiated a 90-day buffer period (May 14 to August 12). This buffer period is intended to provide time for the two sides to continue negotiations and try to ease the impact of the trade war on the global economy.
The brief pause in the global tariff trade war has allowed risky assets to continue moving forward under stable expectations for the time being.
