Did the market absorb yesterday's Bitcoin deposits?

Did-the-market-absorb-yesterdays-Bitcoin-deposits

Data shows that Bitcoin deposits to exchanges occurred yesterday in high quantities, exceeding 60,000 Bitcoin. However, the Bitcoin withdrawals index from exchanges indicates that more than 90,000 Bitcoins were withdrawn yesterday, resulting in a net inflow of more than 29,000 Bitcoins, the highest in a year. This demonstrates the market's ability to absorb the shock of high deposits to exchanges. This is reinforced by the fact that the exchanges' Bitcoin reserves witnessed a new decline yesterday to new lows. This comes amidst the turbulent movement in the Bitcoin price that has occurred over the past few days.