Coinbase experienced its third-largest single-day net outflow of 7,883 BTC on May 26, indicating institutional buying activity.
U.S. spot Bitcoin ETFs heavily rely on Coinbase, suggesting potential ETF-driven institutional transactions linked to the outflows.
The ongoing high Coinbase Premium Index reflects continued institutional demand for Bitcoin, potentially leading to upward price movement.
Analysts anticipate that sustained institutional buying and potential ETF inflows may fuel another surge in Bitcoin's price, with retail investors expected to follow suit.