tldr; Coinbase experienced its largest daily Bitcoin withdrawal of 2025 on May 9, with over 9,739 BTC (worth $1 billion) leaving the exchange. This reflects growing institutional demand for direct Bitcoin exposure, as corporations and hedge funds accumulate coins. The outflow reduces exchange reserves, potentially creating a supply shock that could drive prices higher. Analysts note that institutional inflows and shrinking tradable supply may intensify upward price pressure, though macro risks and profit-taking could cause interim pullbacks.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
chatrep on
A billion outflow would be a lot if BTC market cap was $5 or $10 billion. But at $2 trillion, a billion is just rounding.
OfficialDodo on
People been predicting supply shock for years. I doubt it’ll even happen because when prices boom sellers move their BTC back onto exchanges
OderWieOderWatJunge on
I remember the supply shock of 2021 (spoiler: didn’t happen)
Blarghnog on
Not even news at this scale.
Ostrale1 on
Saylor has more than that for breakfast.
kirtash93 on
Real bull run is coming.
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Ah yes, the supply shock news again
tldr; Coinbase experienced its largest daily Bitcoin withdrawal of 2025 on May 9, with over 9,739 BTC (worth $1 billion) leaving the exchange. This reflects growing institutional demand for direct Bitcoin exposure, as corporations and hedge funds accumulate coins. The outflow reduces exchange reserves, potentially creating a supply shock that could drive prices higher. Analysts note that institutional inflows and shrinking tradable supply may intensify upward price pressure, though macro risks and profit-taking could cause interim pullbacks.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
A billion outflow would be a lot if BTC market cap was $5 or $10 billion. But at $2 trillion, a billion is just rounding.
People been predicting supply shock for years. I doubt it’ll even happen because when prices boom sellers move their BTC back onto exchanges
I remember the supply shock of 2021 (spoiler: didn’t happen)
Not even news at this scale.
Saylor has more than that for breakfast.
Real bull run is coming.