Happy Bitcoin Pizza Day! May 22, 2025, was more than a nostalgic nod to Bitcoin’s first real-world transaction—it was a record-breaking day for the crypto market. As Bitcoin celebrated its history, it also surged past a new all-time high, backed by massive ETF inflows and a wave of bullish sentiment.
Bitcoin Breaks $111,500 on Pizza Day
According to multiple posts on X (formerly Twitter), Bitcoin topped $111,500 yesterday, setting a new Bitcoin all-time high. The timing couldn’t have been more symbolic—May 22 marks Bitcoin Pizza Day, commemorating the moment in 2010 when developer Laszlo Hanyecz famously bought two pizzas for 10,000 BTC. At yesterday’s price, those pizzas would be worth over $1.1 billion.
This milestone wasn’t just sentimental. It reflected a tangible shift in market dynamics, fueled by institutional investment and ETF activity.
Bitcoin ETF Inflows Skyrocket
Data shared by @RoundtableSpace on X revealed that U.S. spot Bitcoin ETFs recorded $607.1 million in net inflows on May 22 alone. This was one of the highest daily inflow figures in recent weeks.
Meanwhile, @LNMarkets noted that BlackRock’s Bitcoin ETF (IBIT) reached a two-week high in inflows, mirroring Bitcoin’s rally toward the $112,000 mark. These figures highlight the continued surge in institutional demand for Bitcoin, cementing its role as a dominant asset in the crypto landscape.
Ethereum ETF Activity Lags Behind
While Ethereum also saw positive ETF flows, the numbers were far more modest. As reported by @RoundtableSpace, U.S. spot Ethereum ETFs posted just $0.6 million in net inflows. Ethereum’s price held steady around $2,500, according to @coinmetrics, reflecting a stable but less dramatic day compared to Bitcoin.
Institutional interest in Ethereum remains, however. Industry chatter suggests that Circle may be exploring a significant acquisition that could reshape parts of the Ethereum ecosystem.
Altcoins Take a Backseat
Altcoins were quiet on Bitcoin Pizza Day. While tokens like XRP, Shiba Inu, and Cardano have outperformed Bitcoin at times—as noted in a Bitwise report from December 2024—May 22 was all about BTC.
The spotlight on Bitcoin may have drawn liquidity and attention away from other crypto assets, reinforcing its status as the market bellwether.
Market Sentiment Turns Bullish
The mood across the crypto market was strongly bullish. As highlighted by @wisdomdd_, over $50 million in Bitcoin shorts were liquidated within an hour—evidence of aggressive buying and short-squeeze dynamics.
Meanwhile, the NFT space saw momentum with the “Monsters dot fun” collection selling out, jumping from 0.125 ETH to 0.7 ETH in value. This surge in NFT activity shows that while altcoins were quiet, some Ethereum-based sectors still had energy.
Why This Matters
Bitcoin Pizza Day 2025 wasn’t just a celebration of crypto history. It was a turning point—one that saw Bitcoin smash previous records, attract institutional capital, and dominate the digital asset narrative. The sharp contrast between Bitcoin and Ethereum ETF inflows also underscores where the confidence lies: Bitcoin is the top choice for institutional players, thanks to its market maturity and perceived resilience.
Final Thoughts
Bitcoin Pizza Day 2025 delivered fireworks—both symbolic and financial. With Bitcoin reaching $111,500, over $600 million in ETF inflows, and a major squeeze on short sellers, it was a landmark moment for the world’s largest cryptocurrency.
