Analysis: Coinbase saw a daily outflow of 9,739 bitcoins, with a surge in institutional demand potentially triggering a supply shortage

ChainCatcher news, according to Cointelegraph, Coinbase recorded a net outflow of 9,739 bitcoins (worth approximately $1 billion) in a single day, setting a record high since 2025. This capital movement coincided with Bitcoin prices maintaining a high of $103,600, and the U.S. government announced a 90-day tariff reduction policy between China and the U.S., improving market risk appetite.

Market analysis indicates that institutional investors continue to accumulate Bitcoin, leading to a decrease in exchange supply. Glassnode monitoring shows that the current "illiquid supply" of Bitcoin has reached a historical high of 14 million coins.

Bitwise Research Director André Dragosch stated that in 2025, corporate Bitcoin purchases have reached four times the total scale of U.S. spot ETFs, approaching an annual production level of 200,000 coins, which may trigger a supply shortage on exchanges.