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The crypto market is currently experiencing a period of uncertainty, as Bitcoin, which had recently reached historical highs, is showing signs of weakness. Experts from CryptoQuant have identified concerning indicators suggesting a possible upcoming bearish phase.
Warning signs multiply on the Bitcoin market
On February 15, 2025, the blockchain analysis platform CryptoQuant published a revealing report on the movements of Bitcoin. The key indicator Inter-Exchange Flow Pulse (IFP) shows a concerning trend: investors are massively withdrawing their bitcoins from derivative trading platforms and transferring them to spot exchanges. This behavior is historically associated with a reduction in risk exposure by large investors.
According to JA Maartunn, an analyst at CryptoQuant, this movement is generally a sign of caution. Indeed, when investors move their bitcoins to traditional platforms, it is often to protect themselves from a potential price drop. Conversely, during bullish periods, investors tend to transfer their BTC to speculative platforms to maximize their gains.
Another alarming signal comes from the IFP’s history. In March 2021, this indicator reached a record level just before Bitcoin soared to $58,000. In contrast, during the recent peak of $109,000 in January 2024, the IFP remained surprisingly low. This is unusual, as traditionally, each new high for Bitcoin is accompanied by a new record for the IFP.
The macroeconomic context weighs on the outlook
The current situation of Bitcoin takes place in a complex macroeconomic context, particularly in the United States. Recent inflation reports have led the U.S. Federal Reserve (Fed) to maintain a cautious stance, likely postponing any loosening of its monetary policy until 2025. This decision has a direct impact on risky assets like Bitcoin.
Global liquidity conditions, essential for supporting the crypto market, largely depend on these monetary policy decisions. Analysts suggest that a sustainable recovery of Bitcoin will require a significant improvement in global liquidity conditions, which seems unlikely in the short term.
Nevertheless, whales are under increased surveillance by analysts, who seek to identify reliable support levels for the price of Bitcoin. Their behaviors could provide valuable clues about the future direction of the market.
In summary, although technical signals suggest a possible correction phase, many experts maintain their optimism regarding the long-term outlook for Bitcoin. The combination of technical indicators and the macroeconomic context, however, calls for caution in the coming weeks, particularly for investors with short-term investment horizons.
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Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
