Bitcoin Bearish Momentum Losing Steam? Analyst | Crypto News
An analyst has highlighted how the Bitcoin Inter-exchange Flow Pulse has continued to be in a bearish section lately, but its worth is beginning to flatten out.
Bitcoin IFP Could Be Reaching A Low
In a new post on X, CryptoQuant neighborhood analyst Maartunn has talked about the latest pattern in the Bitcoin Inter-exchange Flow Pulse (IFP), which is an on-chain indicator that tracks the BTC flows occurring between centralized spot and derivatives exchanges.
When the worth of this metric rises, it means more of the cryptocurrency is flowing from spot to derivatives platforms. Such a pattern implies speculative curiosity in BTC goes up.
On the other hand, the indicator witnessing a decline suggests merchants could also be taking a decrease risk method as they’re decreasing their transactions to derivatives exchanges.
Now, right here is the chart shared by Maartunn that reveals the pattern in the Bitcoin IFP and its 90-day transferring average (MA) over the past decade:
As displayed in the above graph, the Bitcoin IFP was on the rise during the last few months of 2024, but in 2025, a reversal occurred in the indicator. Flows to derivatives exchanges began declining and before long, the metric slipped under its 90-day MA.
A cross below this MA is taken into account to signal the start of either a bear market or a correction section for the cryptocurrency. Over the course of 2025, the signal maintained as the IFP continued to go down and failed to discover a break above its 90-day MA. Interestingly, Bitcoin still rallied during the second half of the yr to a new all-time high (ATH).
Back in 2021, a related sample emerged as BTC noticed another leg of the bull run in the second half of that yr alongside a bearish signal on the IFP. From the chart, it’s seen that this earlier IFP bearish transition remained all the way in which until the underside of the 2022 bear market, where it flattened out before reversing up.
An analogous sample was also noticed during the 2018 bear market. As such, given the historic priority, it’s attainable that Bitcoin may discover a backside alongside a reversal in the IFP this time around as nicely.
The early indicators of such a reversal might even doubtlessly be starting to seem, as the indicator has been switching to a sideways trajectory lately. “The Inter-Exchange Flow Pulse is still in a bearish phase, but it’s starting to flatten out,” famous the analyst.
Naturally, it’s still too early to inform whether or not derivatives flows are witnessing a real pattern shift, so it only stays to be seen how the IFP will develop in the close to future. “A shift here could signal changing capital flows,” said Maartunn. “Watch this metric closely in the coming weeks.”
BTC Price
At the time of writing, Bitcoin is floating around $67,300, up 1.3% over the last week.
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