According to the source, BTC supply on centralized exchanges has reportedly declined to a 7-year low, source: social media post dated Sep 15, 2025. Historically, declining exchange balances correlate with reduced sell-side liquidity and stronger spot-led price resilience in BTC, source: Glassnode Research, Exchange Balances and Market Regimes 2022. Traders should confirm the claim by checking Exchange Balance, Exchange Net Position Change, and Illiquid Supply metrics before positioning, source: Glassnode; CryptoQuant. If metrics confirm continued outflows, strategies often favor a buy-the-dip bias while monitoring funding rates and basis to avoid crowded longs, with invalidation if net inflows turn positive, source: Binance Research; CME Group; Kaiko.

According to Lookonchain, whale address bc1qpu withdrew 1,997 BTC valued at $212.78 million from Kraken within the past 10 hours, as reported on June 9, 2025 (source: Lookonchain, intel.arkm.com). Such large-scale Bitcoin outflows from centralized exchanges often signal long-term holding intentions or institutional accumulation. Historically, similar withdrawals have reduced immediate selling pressure and are considered bullish indicators for Bitcoin price action. Traders should closely monitor subsequent market movements and on-chain activity, as sustained outflows could tighten BTC supply on exchanges, potentially triggering upward price momentum (source: Lookonchain, intel.arkm.com).