Analyst: The Bitcoin exchange liquidity indicator IFP has turned bearish

ChainCatcher news, CryptoQuant community analyst Maartunn posted that the Inter-exchange Flow Pulse (IFP) indicator for Bitcoin has turned bearish.

This indicator assesses market sentiment by monitoring the flow of Bitcoin between spot and derivative exchanges. An increase in inflow to derivative exchanges typically corresponds to a bull market, while an increase in outflow indicates a bearish trend.