Bitcoin Bearish Signal: Exchanges Receiving Large Deposits

On-chain data shows the Bitcoin exchange inflows have spiked up over the last day, something that could prove to be bearish for the price of the crypto.
Bitcoin Exchange Inflow Mean Has Observed Two Spikes In The Past 24 Hours
As pointed out by an analyst in a CryptoQuant post, the two exchange inflow mean spikes amounted to around 21 BTC and 17 BTC respectively.
The “exchange inflow mean” is an indicator that measures the mean amount of Bitcoin being transferred to the wallets of ce