$1B Bitcoin exits Coinbase in a day as analysts warn of supply shock
By: cryptosheadlines|2025/05/13 23:00:11
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com 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daily outflows of Bitcoin in 2025 on May 9.On May 13, Coinbase saw 9,739 Bitcoin (BTC), worth more than $1 billion, withdrawn from the exchange — the highest net outflow recorded in 2025, according to Bitwise head of European research André Dragosch.“Institutional appetite for bitcoin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.Source: André DragoschRelated: Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300MThe outflow occurred as Bitcoin traded above $103,600 and just days after the White House announced a 90-day reduction in reciprocal tariffs between the US and China, easing market concerns and lifting broader investor sentiment.Joint statement on US-China meeting in Geneva. Source: The White HouseThe 90-day suspension of additional tariffs removes the risk of “sudden re-escalation,” which may help Bitcoin, altcoins and the wider stock market rally due to improved risk appetite, Nansen’s principal research analyst, Aurelie Barthere, told Cointelegraph.Related: Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029: Finance RedefinedCorporate Bitcoin investment may lead to supply shockGrowing demand from institutional investors and corporations may lead to a diminishing Bitcoin supply on exchanges, signaling a potential price rally driven by a “supply shock,” which occurs when buyer demand meets decreasing available BTC, leading to price appreciation.While Bitcoin may experience short-term corrections, Dragosch remains “very bullish” for the rest of 2025, he told Cointelegraph during the Chain Reaction daily X show on May 12.“In 2025 alone, corporations have bought four times more Bitcoin than all US spot Bitcoin ETFs combined, which is crazy,” he said. “We’re close to 200,000 Bitcoin already, which is the annual supply of new Bitcoin.”Despite the bullish backdrop, Dragosch noted that the crypto market may still see short-term corrections due to what he described as overheated investor sentiment. Bitcoin illiquid supply. Source: GlassnodeMeanwhile, Bitcoin’s “illiquid supply” reached a record 14 million BTC, according to Glassnode data, signaling that large investors continue accumulating, Cointelegraph reported on May 13.Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19Source link
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