Bitcoin Bearish Signal: 130k BTC Just Flowed Into Binance

On-chain data shows the crypto exchange Binance has just received Bitcoin inflows of 130k BTC, a sign that may be bearish for the price of the crypto.
Binance’s Bitcoin Exchange Reserve Has Sharply Spiked Up Over Past Day
As pointed out by an analyst in a CryptoQuant post, Binance has received a massive Bitcoin deposit today.
The relevant indicator here is the “exchange reserve,” which tells us the total amount of BTC currently sitting in the wallets of a centralized exchange.