{"id":63938,"date":"2025-12-17T08:01:35","date_gmt":"2025-12-17T08:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=63938"},"modified":"2025-12-17T08:01:35","modified_gmt":"2025-12-17T08:01:35","slug":"bitcoin-speculative-activity-cooling-fast-ifp-shows-steep-slide","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=63938","title":{"rendered":"Bitcoin Speculative Activity Cooling Fast: IFP Shows Steep Slide"},"content":{"rendered":"
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On-chain data shows the Bitcoin Inter-exchange Flow Pulse (IFP) has rapidly been going down recently, a sign of cooling derivatives interest.<\/p>\n

Bitcoin IFP Has Witnessed A Plunge Recently<\/h2>\n

In a new post<\/a> on X, CryptoQuant community analyst Maartunn has talked about the trajectory that the Bitcoin IFP<\/a> has been following recently. The IFP refers to an on-chain indicator that measures the BTC flows taking place between spot and derivatives exchanges.<\/p>\n

When the value of this metric is going up, it means investors are ramping up transactions to derivatives platforms. Such a trend can be a sign that demand for speculation is on the rise.<\/p>\n

On the other hand, the indicator witnessing a decline implies fewer coins are traveling from spot exchanges to derivatives ones. This kind of trend can suggest traders are lowering their appetite for risk.<\/p>\n

Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin IFP and its 90-day moving average (MA) over the past decade:<\/p>\n

\"Bitcoin<\/p>\n

As is visible in the above graph, the Bitcoin IFP was witnessing an uptrend in the last few months of 2024, but with the start of this year, a reversal in the indicator occurred. The switch to a downtrend meant that its value slipped below the 90-day MA, something that has historically signaled bearish conditions.<\/p>\n

Over the course of 2025, the IFP has continued its downward trajectory, but lately, the decline has accelerated, indicating that derivatives interest is cooling off fast.<\/p>\n

Two cycles ago, the IFP sliding below its 90-day MA led into the 2018 bear market<\/a>. In the 2021 bull market, the bear signal on the IFP was initially followed by the second half of that bull run, but then the 2022 bear market<\/a> took over as the metric failed to recover.<\/p>\n

A similar trend has been witnessed this year as well, with Bitcoin exploring new all-time highs (ATHs) despite the IFP suggesting bearish conditions. The recent acceleration in the indicator\u2019s downtrend, however, has been accompanied by a bearish period in the asset\u2019s price. Only time will tell whether this is a repeat of the pattern from the last cycle, or if risk appetite will make a comeback among investors and the IFP will reverse course.<\/p>\n

In some other news, the Bitcoin treasury companies have seen their holdings go up recently, despite the drawdown that the market has faced, as pointed out by Glassnode co-founder Rafael in an X post<\/a>.<\/p>\n

\"Bitcoin<\/p>\n

From the chart, it\u2019s apparent that since Bitcoin started declining from its ATH above $126,000, the treasury companies have still continued a net upward trajectory. \u201cNot seeing much of the alleged forced selling here despite some equities trading below mNAV,\u201d noted Rafael.<\/p>\n

BTC Price<\/h2>\n

At the time of writing, Bitcoin is trading around $87,500, down over 7% in the last week.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On-chain data shows the Bitcoin Inter-exchange Flow Pulse (IFP) has rapidly been going down recently, a sign of cooling derivatives interest. Bitcoin IFP Has Witnessed A Plunge Recently In a new post on X, CryptoQuant community analyst Maartunn has talked about the trajectory that the Bitcoin IFP has been following recently. The IFP refers to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-63938","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/63938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63938"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/63938\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}