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

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 On May 13, Coinbase saw 9,739 Bitcoin (BTC), worth more than $1 billion, withdrawn from the exchange — the highest net outflow recorded in 2025, according to Bitwise head of European research André Dragosch.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: https://cointelegraph.com/news/coinbase-largest-btc-outflow-1-b-institutional-demand?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound