Blockchain
$1B Bitcoin exits Coinbase in a day as analysts warn of supply shock
[ad_1]
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On May 13, Coinbase saw 9,739 Bitcoin (BTC), worth more than $1 billion, withdrawn from the exchange — the highest net outflow recorded in 2025, according to Bitwise head of European research André Dragosch.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.
[ad_2]
Source link
Continue Reading
You must be logged in to post a comment Login