According to Cointelegraph, 100,000 Bitcoin (BTC) have been transferred off exchanges in just three weeks.
Notably, on May 9, 2025, Coinbase, the world’s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin of the year. Specifically, a total of 9,739 BTC (worth over $1 billion) was withdrawn from the platform.
Meanwhile, Bitcoin’s “illiquid supply” reached a record 14 million BTC, according to Glassnode data, signaling that large investors continue accumulating.
Growing 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.”
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