🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
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.