Strong inflows into Bitcoin spot ETFs, the Bitcoin 2025 Conference, FTX repayments, and the resumption of negotiations between the US and the EU.
Author: 1912212.eth, Foresight News
After Bitcoin broke through $110,000 and set a new historical high, it has recently undergone a correction.
On the evening of May 25, BTC even briefly fell to around $106,000, then began to rise slowly, now approaching the $110,000 mark again. Some cryptocurrencies have shifted from decline to rise again; according to Coinglass data, about $208 million was liquidated across the network in the past 24 hours, with $114 million in long positions and $93.59 million in short positions liquidated. Among them, Bitcoin saw $42.01 million liquidated, and Ethereum saw $49.05 million.
Notable whale James Wynn closed a $1 billion BTC short position between 6:09 and 6:15 this morning, totaling 9,402 BTC, with an opening average price of $107,069 and a closing average price of $108,757, incurring a loss of about $15.86 million.
Bitcoin has achieved seven consecutive weekly gains since early April this year, with capital momentum showing quite a rarity. Historically, after a currency price achieves seven consecutive weekly or monthly gains, it often faces a correction. Will this time be the same?
However, there are still catalysts worth paying attention to in the subsequent market.
Data performance of Bitcoin and Ethereum spot ETFs is extremely strong.
Since May this year, Bitcoin spot ETF data inflows have been very strong. From May 1 until now, there have only been two days of small net outflows, while the rest recorded significant inflows. There have been four instances of daily net inflows exceeding $600 million, and only four times in the entire month where the net inflow was less than $200 million.

Currently, the total net inflow of Bitcoin spot ETFs has reached $44.53 billion.
Ethereum spot ETFs also performed relatively optimistically. Since May 12, there have only been two instances of small net outflows, while the rest were net inflows. Notably, on May 22, there was a single-day net inflow exceeding $110 million, which is quite rare and set a new high since February this year.

Strong inflows into Bitcoin and Ethereum spot ETFs inject optimism into future cryptocurrency price trends.
The Bitcoin 2025 Conference will be held from May 27 to 29.
The annual Bitcoin 2025 Conference will be held from May 27 to 29, 2025, in Las Vegas.
List of speakers, including:
· US Vice President JD Vance
· Silk Road founder Ross Ulbricht
· Trump's second son Eric Trump
· Trump's eldest son Donald Trump Jr.
· Strategy founder Michael Saylor
· US Senator Cynthia Lummis

It is worth noting that Trump made statements supporting Bitcoin at the Bitcoin 2024 conference, including advocating for Bitcoin to establish a strategic reserve, promoting US leadership in Bitcoin mining and the cryptocurrency industry. During the conference from July 26 to 27, Bitcoin shifted from decline to rise, and by July 29, it even briefly broke through $70,000.
The guests participating this time undoubtedly have significant influence in the political and business sectors, which may promote the development of Bitcoin in commercial applications and policy.
FTX repayments will begin on May 30, with total allocated funds exceeding $5 billion.
FTX's main repayment will begin on May 30, as the second distribution to creditors, with total allocated funds exceeding $5 billion. This is another significant progress following the first compensation targeting small creditors under $50,000 in February 2025. FTX had previously conducted the first repayment distribution to small creditors in Convenience Classes under the Chapter 11 reorganization plan.
Recently, FTX creditor representative Sunil also confirmed that the repayment distribution date for FTX is May 30, with Step 9 updated to "Allow Claims":

· Users with amounts exceeding $50,000 will receive 72.5% compensation;
· Remaining compensation (up to 100%) and interest will be distributed in future allocations.
$5 billion of fund inflow may temporarily enhance market liquidity; moreover, since compensation is distributed in cash, this portion of funds may be converted into purchases of mainstream cryptocurrencies like Bitcoin.
Trump resumes the 90-day negotiation window with the EU.
In May 2025, tariff negotiations between the EU and the US remained tense. The Trump administration imposed tariffs ranging from 20% to 50% on the EU at the beginning of the year, covering multiple areas including steel, aluminum, and automobiles, while the EU responded with retaliatory tariffs on US goods. On May 23, Trump stated, "The main purpose of the EU's establishment is to take advantage of the US in trade, and there has been no progress in negotiations with them. I suggest imposing a direct 50% tariff on EU products starting June 1, 2025." This statement briefly caused a drop in US stocks and Bitcoin.
However, as time moved to May 26, Trump stated that the EU requested to extend the window for trade negotiations, and has agreed to extend the deadline to July 9. Earlier, European Commission President Ursula von der Leyen stated on Sunday after speaking with Trump that the EU is prepared to advance trade negotiations with the US "swiftly and decisively," but requires Trump to return to the originally set 90-day negotiation period.
After this news was announced, Bitcoin briefly rebounded above $109,000.
Additionally, this month the US reduced tariffs on Chinese goods from 145% to 30%, while China cut tariffs on US goods from 125% to 10%, initiating a 90-day buffer period (from May 14 to August 12). This buffer period aims to provide time for both sides to continue negotiations, attempting to mitigate the impact of the trade war on the global economy.
The brief pause in the global tariff trade war allows risk assets to temporarily continue moving forward under stable expectations.
