According to Miles Deutscher on Twitter, whales have been actively withdrawing Bitcoin (BTC) from exchanges since the end of April 2025, leading to a continued supply crunch. This contraction in available BTC on exchanges typically indicates increased holding sentiment among large investors, which can reduce sell-side liquidity and potentially place upward pressure on Bitcoin prices. Traders should monitor on-chain withdrawal trends and exchange reserves closely, as these dynamics often precede significant price movements in the crypto market (Source: @milesdeutscher, Twitter, May 14, 2025).