$1B Bitcoin exits Coinbase in a day as analysts warn of supply shock

Date: 2025-05-13

Institutional demand for Bitcoin is growing, as Coinbase, the world’s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin in 2025 on May 9.On May 9, Coinbase saw 9,739 Bitcoin (BTC), worth more than $1 billion, withdrawn from the exchange — the highest net outflow recorded in 2025, according to Bitwise head of European research André Dragosch.“Institutional appetite for bitcoin is accelerating,” Dragosch added in a May 13 X post.Source: André DragoschRelated: Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300MThe outflow occurred as Bitcoin traded above $103,600 and just days after the White House announced a 90-day reduction in reciprocal tariffs between the US and China, easing market conc...

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