$BTC On one day, 1 billion dollars in Bitcoin left Coinbase, and analysts warn of a supply shock

Coinbase recorded the largest daily outflows of Bitcoin this year, indicating an increase in BTC investments among institutional investors and companies.

Institutional demand for Bitcoin is growing, as Coinbase, the third-largest cryptocurrency exchange in the world, recorded its largest daily outflow of Bitcoin in 2025 on May 9.

On May 9, Coinbase saw 9,739 Bitcoin (BTC) withdrawn from the exchange, worth over USD 1 billion, the largest net outflow recorded in 2025, according to Bitwise's European research head, André Dragosch.

"Institutional appetite for bitcoin is accelerating"