According to Crypto Rover, on-chain data shows a significant decrease in Bitcoin deposits by whales onto exchanges, indicating a notable reduction in selling pressure. This trend suggests that large holders are less inclined to sell at current price levels, which historically precedes upward price movements. Traders are closely monitoring these whale activities as they often provide early signals for potential volatility and bullish momentum in the Bitcoin and broader cryptocurrency markets. Source: Crypto Rover, Twitter, May 17, 2025.