$1B Bitcoin exits Coinbase in a day as analysts warn of supply shock
Institutional demand for Bitcoin is increasing, with Coinbase reporting its highest daily outflows of Bitcoin in 2025 on May 9. On May 13, 9,739 Bitcoin, valued over $1 billion, were withdrawn, marking the largest net outflow of the year. This surge in outflows coincided with Bitcoin trading above $103,600 and the announcement of a 90-day reduction in tariffs between the US and China, which improved market sentiment. Analysts suggest that growing corporate investment could lead to a supply shock, potentially driving Bitcoin prices higher as demand outstrips supply. In 2025, corporations have purchased four times more Bitcoin than US spot Bitcoin ETFs combined, nearing 200,000 Bitcoin. Despite potential short-term corrections due to overheated sentiment, the outlook remains bullish for the remainder of 2025. Bitcoin's illiquid supply has reached a record 14 million BTC, indicating continued accumulation by large investors.
