Bitcoin Breaks ATH Twice in One Day...$110,000 Era

BTC Broke ATH at 11:40 a.m. Following 1:50 a.m on May. 22
Recorded $118,872…Market Cap Jumps Amazon·Google
U.S. BTC Spot ETF Records Net Inflow of $607.1 Million
Experts Point to Futures Open Interest Figures..."Volatility"

Bitcoin(BTC) broke its new high twice on May. 22 based on the net inflow of Bitcoin spot exchange-traded funds(ETFs) in the United States.

Bitcoin hit $109,767 at 1:50 a.m. on May. 22, surpassing the highest price recorded on January 20. Ten hours later, at 11:40 a.m., it reached a new high of $118,872.

Bitcoin surpassed $2 trillion in market capitalization and ranked fifth in the global asset ranking, surpassing Amazon and Google.

The reason for the new Bitcoin report is the inflow of institutional funds through ETFs.

According to Faside Investor, a financial data platform, the spot ETF of Bitcoin in the U.S. recorded a net inflow of about $607.1 million dollars on May. 21. The ETF that led the net inflow is BlackRock's IBIT.

BlackRock's Bitcoin spot ETF IBIT recorded a net inflow of about $530.6 million on May. 21, accounting for the majority of the net inflow of US Bitcoin spot ETFs.

According to Faside Investor, the amount of bitcoin sold by IBIT is 4931. This is more than 10 times higher than the recent average daily production of 450 Bitcoin.

The market interpreted that Bitcoin has begun to be spotlighted by investors as a safe asset over the inflow of institutional funds through ETFs.

"The current rise in Bitcoin should be interpreted as asset maturity, not the speculative craze that appeared in the rise in the past," said Caroline Bowler, CEO of BTC Market, an Australian cryptocurrency exchange. "The current rise was driven by institutional demand."

◇Bitcoin = Bitcoin price is $110,846 at 4:30 p.m. on May. 22, 2025. The Bitcoin share(dominance) was 64.14%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 29.40% and 70.60%, according to the on-chain analytics platform Sigbtc.

Experts pointed to out the outstanding agreements scattered in the Bitcoin futures market, warning that Bitcoin could suffer great price volatility. On the 22nd, the outstanding interest in Binance, the world's largest cryptocurrency exchange, increased by about $13 billion (about KRW 17.8919 trillion) and renewed its all-time high.

Open interest refers to the amount that can be used to settle transactions in the derivatives market, such as futures or options contracts. An increase in open interest can mean a large-scale liquidation of certain positions in the futures market.

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on May. 22 was Animecoin(ANIME), up about 17% on the day alone.

Animecoin is a project that transforms the global animation industry into a community-owned creative network. It is designed to solve problems in the animation industry, such as the experiences of consumers who have remained in the past, restrictions on fan participation, and limited monetization models.

It provides infrastructure for various animations, supports distribution to the original IP window and liquor market, while allowing animation fans and creators to actively participate and earn rewards for their activities.

◇Fear Greed Index = The digital asset fear-greed index provided by Alternative has entered the 'greed' stage with 72 points. The greed stage is a stage where price volatility and trading volume increase, and the price rises. The possibility of forming a high short-term high is high, so caution should be taken in selling.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 69.1, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a specific asset price and is an indicator of a measure of over-purchasing and over-selling of a specific asset.

권승원 기자 ksw@blockstreet.co.kr