Bitcoin Price Rally Possible: Inter-Exchange Flow Pulse (IFP) Data Suggests Upward Trend

The Inter-Exchange Flow Pulse (IFP) metric, which tracks Bitcoin flows to derivative exchanges, is showing a potential sign of a bullish trend. The IFP is currently below its 90-day moving average, which could indicate a possible breakout if it moves above the average. CryptoQuant, a digital asset analysis firm, reports that this situation occurred in 2016 and 2024, preceding bull runs in the Bitcoin market. A strong Bitcoin performance can lead to wider market gains, and Bitcoin ETFs are also contributing to positive market sentiment. This positive outlook comes after a period of outflows and Bitcoin’s recent decline below $65,000.