According to Crypto Rover on Twitter, significant amounts of Bitcoin (BTC) are currently being withdrawn from centralized exchanges, suggesting large-scale accumulation by whales (source: @rovercrc, May 13, 2025). This pattern of withdrawals is often seen as a bullish signal for traders, indicating strong holding sentiment and potential supply reduction on exchanges. Historically, such trends have preceded upward price movements as market liquidity tightens (source: Glassnode, on-chain data). Traders should closely monitor on-chain BTC outflows and exchange reserves as leading indicators for potential price volatility and spot buying opportunities in the crypto market.

According to Cas Abbé, Bitcoin's recent rally is being driven by significant institutional demand, as BlackRock purchased $356 million worth of BTC while Goldman Sachs disclosed holdings of $1.4 billion in BTC through ETFs. This substantial capital inflow from major financial institutions, combined with continued accumulation by individual whales, is contributing to heightened upward momentum for BTC. Traders are closely monitoring these large-scale investments, as they signal strong market confidence and may impact short-term and long-term price action. Source: @cas_abbe on Twitter, May 10, 2025.