Source: NewsBTC
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Bitcoin Inter-exchange Flow Pulse shows signs of flattening out

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Bitcoin Inter-exchange Flow Pulse shows signs of flattening out

An analysis of the Bitcoin Inter-exchange Flow Pulse (IFP) suggests a potential change in trend. The IFP tracks BTC flows between spot and derivatives exchanges, providing insights into market sentiment.

  • The IFP has been in a bearish phase, indicating reduced speculative interest as traders limit transactions with derivatives exchanges.
  • Recent data shows the IFP flattening, hinting at a possible bottom similar to patterns observed during previous bear markets in 2018 and 2022.
  • A reversal in the IFP could suggest changing capital flows, which might influence Bitcoin's market trajectory.

Currently, Bitcoin is valued at approximately $67,300, marking a 1.3% increase over the past week.

Bitcoin IFP

The situation remains dynamic, and close monitoring of the IFP is recommended to understand potential shifts in market behavior.

Original publication

Authors credited by the source: Keshav Verma

Published by Holder based on an external source.