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Coinbase Bitcoin Exodus Suggests Institutional Buying — Next Leg Up Coming?

  • 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.

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