Analysis: The Bitcoin cross-platform liquidity pulse indicator turns bearish
CryptoQuant analyst Maartunn stated that the Bitcoin Inter-Platform Flow Pulse (IFP) indicator has turned bearish. This indicator uses CryptoQuant's Bitcoin trading platform liquidity data to measure the flow of funds between spot trading platforms and derivative trading platforms. The liquidity data reflects market sentiment: an increase in Bitcoin inflow to derivative trading platforms usually accompanies a bull market, while a decrease in Bitcoin outflow from derivative trading platforms typically accompanies a bear market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitdeer mined 122.4 BTC this week, increasing its total bitcoin holdings to 2,141.1 BTC
Ethena withdraws $7.05 million worth of ENA from an exchange, currently holding ENA valued at $100 million in total
Data: The current Crypto Fear & Greed Index is 27, indicating a state of fear.