Coinbase News: Bitcoin Exchange Supply Hits 7-Year Low, Hinting at Strong Institutional Demand

Cryptocurrency markets are always buzzing with news and developments, and today’s story is no exception. A significant shift in Bitcoin’s exchange supply has caught the attention of investors and analysts alike.

Bitcoin (BTC) Exchange Supply Drops to 7-Year Low, Signaling Institutional Demand

Bitcoin’s supply on exchanges has dropped to 7.53%, the lowest level since February 20, 2018. This sudden drop indicates a shift in investor attitudes towards long-term holding, which is bullish for Bitcoin’s price action. Coinbase’s BTC volume also dropped 10% to 12,500 BTC, reducing liquidity and increasing the risk of price volatility. Currently, BTC is trading at about $87,491, with RSI levels at 68 and MACD reflecting sustained bullish momentum. The seven-year milestone of the lowest exchange supply ratio signals a maturing market, with investors appearing more focused on long-term gains.

Coinbase-Backed Crypto Firewall Harpie Shuts Down

Harpie, an on-chain firewall provider backed by Coinbase Ventures and OpenSea, has announced the shutdown of its services due to struggles in developing a sustainable business model. The service, aimed at preventing wallet theft and hacks, made the announcement on Thursday, March 27, 2025, stating that it hopes to have made an impact and inspired other companies to solve the problem of theft in the crypto ecosystem. Harpie’s shutdown is immediate.