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The Bitcoin price has surged to a new all-time high (ATH), climbing above $111K in the last 24 hours.
The surge came as inflows into BlackRock’s spot Bitcoin ETF (exchange-traded fund) hit a two-week high and as one trader opened a 40X leverage $1 billion long on the king of cryptos.
Feel sorry for those who sold at $77k. Remember to look at a yearly chart instead of a 1 minute chart once in a while. pic.twitter.com/zQScaM26oe
— CZ 🔶 BNB (@cz_binance) May 22, 2025
Bitcoin had soared to a new ATH of $111,861.22, but has since retraced to trade at $110,984.78 as of 1:15 a.m. EST, CoinMarketCap data shows.
BlackRock Bitcoin ETF Inflows Soar After Bitcoin Price Hits New ATH
Inflows into BlackRock’s spot BTC ETF (IBIT) hit $530.6 million during the May 21 trading session, according to data from Farside Investors.
That was far more than the second-highest BTC ETF inflows for the day, which was posted by Fidelity’s Wise Origin Bitcoin Fund at $23.5 million. Overall, US spot Bitcoin ETFs recorded $607.1 million in inflows yesterday.
As a result of the strong inflows for BlackRock’s IBIT, the fund ended up buying over 10 times more BTC than was mined during the same period. IBIT scooped up 4,931 BTC while miners only produced 450 BTC yesterday.
Along with the strong inflows, BlackRock’s BTC fund also registered its highest trading volumes since January.
Trader Bets Big That Bitcoin Price Will Keep Climbing
BTC’s gains might not be over yet, according to one large trader on Hyperliquid. The whale in question added to an existing 40x leveraged-long, pushing the position’s size to $1.1 billion.
The X account “James Wynn” claimed to be behind the large position, which, according to Hypurrscan data, is up more than $29.35 million.
That’s after the trader was down around $16.3 million prior to Bitcoin’s break above $110K yesterday.
BTCBULL Presale Goes Parabolic
While institutional investors and whales load up on Bitcoin, retail traders are piling into the presale for BTC Bull Token (BTCBULL), which offers its holders free Bitcoin via airdrops.
The project’s airdrops will be triggered as the Bitcoin price soars to new highs, and will start when Bitcoin hits $150K for the first time. Thereafter, every $50K milestone BTC achieves will result in another Bitcoin airdrop.
There will also be BTCBULL token burns at certain Bitcoin price milestones that will put upward pressure on the BTCBULL price by reducing supply. These will happen with every $25K increase in the BTC price, starting at $125K.
YouTube channel 99Bitcoins, which boasts over $723K subscribers, predicts 10X gains for the meme coin after launch.
Investors have already poured over $6.1 million into BTCBULL’s presale. If you would like to join them, buy before a price hike in about 2 days to lock in the best deal.
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