Bitcoin News
By Maheen Hernandez
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Bitcoin (BTC) is trading near its all-time high of $123,218, but something unusual is happening behind the scenes.
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During past rallies—especially in 2017 and 2021—Bitcoin’s climb toward new highs was typically followed by a sharp rise in BTC flowing into exchanges.
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According to a recent analysis shared on CryptoQuant by contributor Arab Chain, the Inter-Exchange Flow Pulse (IFP) indicator is not showing the expected surge in exchange…
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The IFP is a metric that tracks the movement of Bitcoin between centralized exchanges. A rising IFP often suggests that holders are preparing to sell, either for profit or to…
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So far in 2025, the IFP spiked earlier in the year but has since declined. This suggests that many investors who moved coins early in the rally are no longer actively looking to…
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Arab Chain notes that this behavior is significant. “This indicates high confidence in the uptrend so far and partly explains why the price has continued to rise without any…
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However, not everyone is staying on the sidelines. Bitcoin miners, who are constantly balancing operational costs with market conditions, have begun increasing their selling…
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Even so, this miner selling has yet to dampen the broader bullish mood. Many investors and analysts believe that this cycle has a different structure than previous ones, thanks…
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Still, there are risks. If Bitcoin’s IFP suddenly starts to rise again, that could signal the start of renewed selling pressure. In that case, a broader correction could follow.
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Another area of focus is the key support levels for BTC. According to a separate analysis by CryptoQuant contributor Chairman Lee, Bitcoin must hold critical levels to maintain…
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At the time of writing, Bitcoin is trading at $117,529, down about 1.4% over the past 24 hours. Despite this slight dip, the mood among many market participants remains optimistic.
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In conclusion, while Bitcoin’s price is already impressive, the quiet behavior of investors may be the real story.
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