Bitcoin Rises on Net Inflow of U.S. Spot ETF

U.S. BTC Spot ETF Recorded Total Net Inflow of $667.44 Million
BTC Breaks $105,000 Again On May. 20...Altcoin Rises Again
Expert "BTC Will Break $110,000 on Inflow of U.S. Institutional Funds"

Bitcoin(BTC) rose on May. 20 on the net inflow of spot exchange-traded funds(ETFs) in the United States.

According to the data released by the financial data platform Soso Value on May. 20, Bitcoin spot ETFs in the U.S. recorded a net inflow of about $667.44 million on May. 19(local time). This is about three times the amount of the previous trading day, the 16th.

A number of Bitcoin spot ETFs were found to have recorded record net inflows, including BlackRock's IBIT with a net inflow of about $359.2 million and Fidelity's FBTC with a net inflow of about $188.08 million.

Bitcoin rose by about 2.5% on May. 20 due to the net inflow of U.S. Bitcoin spot ETFs, surpassing $105,000 again. A number of altcoins rose by more than 3%, including Ethereum(ETH) rising by more than 6% due to Bitcoin's rise.

◇Bitcoin = Bitcoin price is $105,546 at 4:30 p.m. on May. 20, 2025. The Bitcoin share(dominance) was 63.82%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 34.88% and 65.12%, according to the on-chain analytics platform Sigbtc.

Pointing to the fact that U.S. institutional funds are flowing into Bitcoin, it has been predicted that Bitcoin will renew its all-time high.

CoinDesk, a cryptocurrency media outlet, said, "Usually, bitcoin products on the Chicago Mercantile Exchange (CME) were priced lower than the previous Friday's closing price at the opening of Monday, but this did not happen in the third week of May," adding, "Institutional investors using CME may have led the recent rise."

Another cryptocurrency medium, CoinTelegraph, said, "Bitcoin has recently seen a buying trend on the network along with a double bottom pattern, and as a result, it could surpass $110,000 within this week," adding, "A sharp rise occurred after forming a box at the end of last month, and a similar structure is formed now. However, caution is needed if it falls below $103,500."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on May. 20 was Aave(AAVE), up about 8% on the day alone.

Aave is a decentralized non-deposit liquidity protocol that allows users to participate as depositors or lenders. Depositors provide liquidity to the market to earn income, while borrowers can borrow in an over- or under-secured manner.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 71 points. The greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 57.8, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr