Exchange In-House Flow (Mean) measures the average amount of coins moved per transaction between wallets belonging to the same exchange, providing a size-adjusted view of internal transfer activity that helps distinguish routine operational movements from large-scale wallet restructuring.
When mean in-house flow rises, it indicates that individual internal transfers are carrying more coins on average - often a sign of significant backend operations such as cold storage consolidation, hot wallet rebalancing, or reserve restructuring. Spikes in mean in-house flow without corresponding changes in external inflows or outflows are a strong indicator that apparent flow activity is exchange-operational rather than market-driven, and should be discounted when assessing genuine sell-side or accumulation signals.
Used alongside In-House Flow (Total), the mean helps determine whether internal activity is broad and routine or concentrated in fewer, larger transfers - an important distinction when filtering noise from exchange flow data.
