Coinbase dedicated to $ 1 billion per day with Coinbase

The largest outflow of the first cryptocurrency has been recorded on the American crypto -story from Coinbase. On May 9, investors brought 9739 BTC.

“The institutional appetite for bitcoin is growing,” wrote the head of the BitWise research department Andre Dragosh.

The outflow of funds occurred against the background of the growth of quotes above $ 104,000-just a few days after the White House announced a 90-day decrease in mutual duties between the United States and China. This weakened the fears in the market and improved the mood of investors.

The “truce” in the trade war reduces the risk of “sudden escalation”, contributing to an increase in the risk and growth of bitcoin, altcoins and the stock market, the leading analyst of Nansen Orel Barter, the leading analyst of Nansen, told Cointelegraph.

Shock of sentences?

The growing interest from institutional investors and large companies can lead to a reduction in bitcoin proposal on exchanges. In such conditions, even a moderate increase in demand easily pushes up the price of digital gold.

“Only in 2025, corporations bought four times the first cryptocurrency than all bitcoin-ETF in the US spot market, which were combined, which is simply incredible,” Dragosh said. “We are already close to 200,000 BTC, which corresponds to the annual proposal of new bitcoins.”

The schedule below illustrates the growth of “illiquid proposal” of bitcoin, confirming the hypothesis of the accumulation of funds on the wallets of large investors.

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Despite the positive trend, the BitWise researcher warned of probable short-term corrections due to the overheating of the market.

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Source: Cryptocurrency

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