$BTC Sees Record $1 Billion Exit #Coinbase as Corporate Buying Accelerates


#Coinbase recorded 9,739 $BTC (worth over $1 billion) withdrawn on May 9, marking the exchange's largest daily outflow this year.


Corporate investors have purchased nearly 200,000 $BTC in 2025 through May—four times more than all U.S. spot $BTC ETFs combined.


#Glassnode data from May 13 shows Bitcoin's "illiquid supply" reached an all-time high of 14 million $BTC.


The May 9 outflow coincided with $BTC trading above $103,600 following the U.S.-China agreement to reduce tariffs.


Analysts warn of a potential "supply shock" as #institutional demand continues growing rapidly.

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May 13, 2025 at 6:14 PM
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