{"id":23953,"date":"2025-05-13T18:39:35","date_gmt":"2025-05-13T15:39:35","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-exodus-from-coinbase-surpasses-1-billion-in-a-day\/"},"modified":"2025-05-13T18:39:35","modified_gmt":"2025-05-13T15:39:35","slug":"bitcoin-exodus-from-coinbase-surpasses-1-billion-in-a-day","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-exodus-from-coinbase-surpasses-1-billion-in-a-day\/","title":{"rendered":"Bitcoin Exodus from Coinbase Surpasses $1 Billion in a Day"},"content":{"rendered":"<p>The American cryptocurrency exchange Coinbase has recorded its largest outflow of the leading cryptocurrency since the beginning of the year. On May 9, investors withdrew 9,739 BTC.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">?BOOM: Biggest bitcoin exchange outflow from Coinbase in 2025 just happened!<\/p>\n<p>9,739 BTC just left Coinbase \u2014 highest net outflow year-to-date.<\/p>\n<p>Institutional appetite for bitcoin is accelerating. ? <a href=\"https:\/\/t.co\/oaptcbJkDs\">pic.twitter.com\/oaptcbJkDs<\/a><\/p>\n<p>\u2014 Andr\u00e9 Dragosch, PhD\u26a1 (@Andre_Dragosch) <a href=\"https:\/\/twitter.com\/Andre_Dragosch\/status\/1922219593252102549?ref_src=twsrc%5Etfw\">May 13, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cInstitutional appetite for bitcoin is growing,\u201d wrote Andr\u00e9 Dragosch, head of research at Bitwise.<\/cite><\/p><\/blockquote>\n<p>The outflow occurred amid a rise in prices above $104,000 \u2014 just days after the White House <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-tests-105000-amid-us-china-trade-deal\">announced<\/a> a 90-day reduction in mutual tariffs between the US and China. This alleviated market concerns and improved investor sentiment.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cThe \u2018truce\u2019 in the trade war reduces the risk of \u2018sudden escalation,\u2019 fostering a risk-on environment and boosting bitcoin, altcoins, and the stock market,\u201d said Nansen&#8217;s lead analyst Aur\u00e9lie Barther to <a href=\"https:\/\/cointelegraph.com\/news\/us-china-tariff-truce-crypto-market-rally\" title=\"\">Cointelegraph<\/a>.<\/cite><\/p><\/blockquote>\n<h2 class=\"wp-block-heading\">Supply Shock?<\/h2>\n<p>The growing interest from institutional investors and large companies could lead to a reduction in the supply of bitcoin on exchanges. In such conditions, even a moderate increase in demand can easily push up the price of digital gold.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cIn 2025 alone, corporations have purchased four times more of the leading cryptocurrency than all bitcoin ETFs on the US spot market combined, which is simply incredible,\u201d said Dragosch. \u201cWe are already close to 200,000 BTC, which corresponds to the annual supply of new bitcoins.\u201d<br \/><\/cite><\/p><\/blockquote>\n<p>The chart below illustrates the growth of bitcoin&#8217;s \u201cilliquid supply,\u201d confirming the hypothesis of accumulation in the wallets of large investors.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/0196c99f-3fdf-7a7c-a34b-8cd66b3c37e7-1024x576.webp\" alt=\"0196c99f-3fdf-7a7c-a34b-8cd66b3c37e7\" class=\"wp-image-258636\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/0196c99f-3fdf-7a7c-a34b-8cd66b3c37e7-1024x576.webp 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/0196c99f-3fdf-7a7c-a34b-8cd66b3c37e7-300x169.webp 300w, https:\/\/u1f987.com\/wp-content\/uploads\/0196c99f-3fdf-7a7c-a34b-8cd66b3c37e7-768x432.webp 768w, https:\/\/u1f987.com\/wp-content\/uploads\/0196c99f-3fdf-7a7c-a34b-8cd66b3c37e7-1536x864.webp 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/0196c99f-3fdf-7a7c-a34b-8cd66b3c37e7.webp 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/studio.glassnode.com\/charts\/supply.IlliquidChange?a=BTC&#038;zoom=all\">Glassnode<\/a>.<\/figcaption><\/figure>\n<p>Despite the positive trend, the Bitwise researcher warned of potential short-term corrections due to an overheated market.<\/p>\n<p>At the time of writing, bitcoin is trading around $103,600. Over the past 24 hours, the asset has risen by 0.5%, and over seven days \u2014 by 10%, according to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.\u00a0<\/p>\n<p>Coinbase <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-to-join-sp-500-as-first-crypto-company\">is set to become<\/a> the first cryptocurrency company in the S&#038;P 500. Its shares will be included in the stock index on May 19.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The American cryptocurrency exchange Coinbase has recorded its largest outflow of the leading cryptocurrency since the beginning of the year. On May 9, investors withdrew 9,739 BTC.<\/p>\n","protected":false},"author":1,"featured_media":23952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,138,1268],"class_list":["post-23953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-coinbase","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23953"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23952"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}