$1B Bitcoin exits Coinbase in a day as analysts warn of supply shock
Coinbase saw its highest daily Bitcoin outflows this year, signaling growing BTC investments among institutional investors and corporations.
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On May 9, Coinbase saw 9,739 Bitcoin (BTC), worth more than $1 billion, withdrawn from the exchange — the highest net outflow recorded in 2025, according to Bitwise head of European research André Dragosch.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.
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