BlockBeats News, February 15th, CryptoQuant analyst Maartunn posted a message stating that the Bitcoin Interchange Flow Pulse (IFP) indicator has turned bearish. This indicator uses CryptoQuant's Bitcoin exchange flow data to measure the flow of funds between spot exchanges and derivative exchanges. This flow data reflects market sentiment:
· Bitcoin inflow to derivative exchanges increases → usually associated with a bullish market;
· Bitcoin outflow from derivative exchanges decreases → usually associated with a bearish market.