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A bearish phase is looming in the crypto market - CryptoQuant analysts
CryptoQuant analysts warn of a possible start of a bearish trend in the cryptocurrency market, referring to the Inter-Exchange Flow Pulse (IFP) indicator, which tracks the movement of bitcoins between spot and derivative exchanges.
According to their observations, active movement of bitcoins to derivative platforms usually indicates a growing market, as traders use these funds to open long positions. However, the current situation may indicate a reversal, reinforcing concerns about a potential decline in cryptocurrency prices.
"When Bitcoin begins to move from derivative exchanges to spot ones, it signals the start of a bearish period. This usually happens when long positions are closed, and large investors (whales) reduce their risk exposure," CryptoQuant analysts noted.
Analysts have identified a bearish signal of the indicator on February 17, 2025, indicating a decline in market interest and potentially marking the beginning of a downward phase, experts noted.