Institutional demand for Bitcoin is growing, as Coinbase, the world\u2019s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin in 2025 on May 9.<\/p>\n
On May 9, Coinbase saw 9,739 Bitcoin (BTC<\/a>), worth more than $1 billion, withdrawn from the exchange \u2014 the highest net outflow recorded in 2025, according to Bitwise head of European research Andr\u00e9 Dragosch.<\/p>\n \u201cInstitutional appetite for bitcoin is accelerating,\u201d Dragosch added in a May 13 X post<\/a>.<\/p>\n Source: Andr\u00e9 <\/em>Dragosch<\/em><\/a><\/p>\n Related: <\/strong><\/em>Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300M<\/strong><\/em><\/a><\/p>\n The 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.<\/p>\n Joint statement on US-China meeting in Geneva. Source: The White House<\/em><\/p>\n The 90-day suspension of additional tariffs removes the risk of \u201csudden re-escalation,\u201d which may help Bitcoin, altcoins<\/a> and the wider stock market rally due to improved risk appetite, Nansen\u2019s principal research analyst, Aurelie Barthere, told Cointelegraph.<\/p>\n Related: <\/strong><\/em>Bitcoin ETFs, gov\u2019t adoption to drive BTC to $1M by 2029: Finance Redefined<\/strong><\/em><\/a><\/p>\n Growing demand from institutional investors and corporations may lead to a diminishing Bitcoin supply on exchanges, signaling a potential price rally driven by a \u201csupply shock,\u201d<\/a> which occurs when buyer demand meets decreasing available BTC, leading to price appreciation.<\/p>\n While Bitcoin may experience short-term corrections, Dragosch remains \u201cvery bullish\u201d for the rest of 2025, he told Cointelegraph during the Chain Reaction daily X show<\/a> on May 12.<\/p>\n \u201cIn 2025 alone, corporations have bought four times more Bitcoin than all US spot Bitcoin ETFs combined, which is crazy,\u201d he said. \u201cWe\u2019re close to 200,000 Bitcoin already, which is the annual supply of new Bitcoin.\u201d<\/p>\n 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. <\/p>\n Bitcoin illiquid supply. Source: Glassnode<\/em><\/p>\n Meanwhile, Bitcoin\u2019s \u201cilliquid supply\u201d<\/a> reached a record 14 million BTC, according to Glassnode<\/a> data, signaling that large investors continue accumulating, Cointelegraph reported on May 13.<\/p>\nCorporate Bitcoin investment may lead to supply shock<\/h2>\n