Bitcoin Accumulation Continues Despite US Tariff Threat on Imports

Bitcoin reached a new all-time high of $111,970 on May 22, before a selloff triggered by US President Donald Trump's tariff threats. The price subsequently dropped below $107,000, yet both small and large investors continued to accumulate Bitcoin.

Declining Bitcoin Balance

Total Bitcoin balance on centralized exchanges fell from 2.26 million BTC on April 23 to 2.15 million BTC on May 24.
Coinbase and Binance reported significant outflows of 40,772 BTC and 39,713 BTC over the past week.
US-based spot BTC exchange-traded funds (ETFs) experienced net inflows of $2.75 billion last week, marking their third-largest weekly inflow.
The largest single-day ETF inflow was $934.7 million on May 22.
Cumulative value of US-based Bitcoin investment products exceeded $44.5 billion.

Despite market fluctuations, institutional interest remains strong, with sustained ETF inflows indicating confidence in Bitcoin as a long-term investment. As of now, Bitcoin is trading around $107,700, just 4% below the recent ATH.