Bitcoin Bearish Signal: Long-Term Holders Deposit To Exchanges

On-chain data shows that Bitcoin long-term holders are making deposits to exchanges currently, something that could be bearish for the price.
Bitcoin Exchange Inflow CDD Has Spiked Recently
As explained by an analyst in a CryptoQuant Quicktake post, investors have been making deposits to spot exchanges recently. There are two relevant indicators here: the “exchange inflow” and the “exchange reserve.”
The former of these keeps track of the total amount of Bitcoin that the