Bitcoin Exchange Outflow Spikes to $606M in 1 Day: Is Accumulation Starting?

On December 17, when the bitcoin price fell to as low as $6,500 across major crypto exchanges, the outflow of BTC from exchanges spiked to $606 million.
According to data from TokenAnalyst, the outflow of bitcoin nearly tripled on Tuesday from the day prior. Coincidentally, the bitcoin price surged to $7,490 the very next day and recorded a 11 percent increase.
Bitcoin outflow from exchanges rose by three-fold on December 17 (Source: TokenAnalyst.io)
Often, the outflow of BTC from exchanges indi