Coinbase logged its largest daily Bitcoin withdrawal of 2025 on May 9, as 9,739 BTC—worth more than $1 billion—left the exchange in a single session. The move, highlighted by Bitwise head of European research André Dragosch, reflects accelerating demand from corporates and hedge funds seeking direct coin exposure. “Institutional appetite for bitcoin is accelerating,” Dragosch wrote on X. Macro Backdrop Boosts Risk Appetite The exodus occurred days after Washington and Beijing agreed to a 90-day tariff pause, easing geopolitical tension and lifting sentiment across risk markets. Analysts at Nansen said the suspension reduces the threat of a “sudden re-escalation,” potentially … Continue reading $1 Billion Flows Out of Coinbase in 24 Hours as Halving-Induced Supply Shock Nears