According to @Andre_Dragosch, BTC whale net exchange outflows just reached the highest level since December 2024 based on Glassnode on-chain data shared on Sep 29, 2025, source: @Andre_Dragosch; Glassnode. Over the past week, whales sent a net -47.2k BTC off exchanges, signaling a notable shift of coins away from trading venues, source: Glassnode via @Andre_Dragosch. Net exchange outflows track coins moving from exchange wallets to non-exchange addresses and are used to gauge near-term exchange-side supply, according to Glassnode’s exchange flow methodology as cited by @Andre_Dragosch, source: Glassnode; @Andre_Dragosch. The author flagged the move by asking whether whales are buying the dip, highlighting a key on-chain signal for traders to monitor, source: @Andre_Dragosch.