On-chain data shows the Bitcoin Inter-exchange Flow Pulse (IFP) has shown early signs of a turnaround recently, suggesting tokens have started moving into derivatives platforms.<\/p>\n
As pointed out by an analyst in a CryptoQuant Quicktake post<\/a>, the Bitcoin IFP has seemingly hit a bottom recently. The \u201cIFP<\/a>\u201d is an indicator that measures the amount of BTC that\u2019s flowing between spot and derivatives exchanges<\/a>. When the value of this metric is rising, it means the investors are making a higher amount of transactions from spot to derivatives platforms. Such a trend suggests speculative interest in the market is going up.<\/p>\n On the other hand, the indicator witnessing a decline implies traders may be pulling back on risk as they are sending a lower number of tokens to derivatives markets.<\/p>\n Now, here is a chart that shows the trend in the Bitcoin IFP, as well as its 90-day moving average (MA), over the past decade:<\/p>\n As displayed in the above graph, the Bitcoin IFP hit a high in the first quarter of 2025 and reversed course, suggesting speculative activity began to decline. Soon after the start of this downtrend, the metric slipped under its 90-day MA. CryptoQuant considers such a crossover to be a bearish one, labeling periods with the indicator below the 90-day MA to correspond to bear markets or corrections.<\/p>\n Interestingly, while the cryptocurrency went on to see rejuvenation of bullish momentum and set a new all-time high (ATH) later in 2025, the market environment leaned bearish from the perspective of the IFP, with the metric\u2019s value holding a steady downward trajectory.<\/p>\n Recently, however, the early signs of a shift may have finally emerged, as the IFP has shown a turnaround. This increase in derivatives exchange flows has come for Bitcoin as its price has gone through a recovery surge. For now, though, the indicator is still floating at a notable distance under its 90-day MA.<\/p>\n In the past, a break beyond this line has usually led to bullish price action for the cryptocurrency, so such a crossover could potentially be a positive sign this time as well. Whether speculative activity related to the asset will rise enough to overcome this threshold only remains to be seen.<\/p>\n Speaking of speculation, the Bitcoin Open Interest<\/a>, a measure of the amount of BTC positions open on all derivatives exchanges, has surged 3.2% alongside BTC\u2019s pullback in the past day, as CryptoQuant community analyst Maartunn has highlighted in an X post<\/a>.<\/p>\n Bitcoin has gone through a plunge over the last couple of days that has taken its price from $95,000 to $91,200.<\/p>","protected":false},"excerpt":{"rendered":" On-chain data shows the Bitcoin Inter-exchange Flow Pulse (IFP) has shown early signs of a turnaround recently, suggesting tokens have started moving into derivatives platforms. Bitcoin IFP Is Turning Around, But Not Yet Inside Bull Market Zone As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin IFP has seemingly hit a […]<\/p>\n","protected":false},"author":0,"featured_media":128689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128688"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128688"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128689"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BTC Price<\/h2>\n