Over $1 billion worth of Bitcoin was taken out of Coinbase in a single day.

-> Record Outflow: On May 9, Coinbase saw 9,739 BTC (over $1B) withdrawn, the highest in 2025.

-> Corporates Buying More: In 2025, firms bought 4x more BTC than all US ETFs — nearly 200K BTC.

-> Long-Term Holding Up: 14M BTC now held by long-term holders.

Supply Shock Ahead?