Internal exchange shuffling — BTC shuffled between wallets of the same exchange side (netting overlap) — operational rebalancing, not market flow
In-house flow follows the movement or balance of Bitcoin at labeled market participants: Internal exchange shuffling. It helps put exchange, whale, miner and custody activity into context.
This is operational shuffling inside exchanges, not market flow. Spikes often mean cold/hot wallet rebalancing — use it to sanity-check inflow/outflow spikes.
Entity labels are probabilistic and wallets are often reorganized. A flow is evidence of movement, not proof of an investor's intent or a future price move.