Bitcoin's price remains steady around $70,000, with on-chain data suggesting a potential bull market onset. Analyst Ali Martinez highlighted a significant shift in the Inter-Exchange Flow Pulse (IFP) metric, which measures Bitcoin flows between spot and derivative exchanges. The IFP recently crossed above its 90-day average, signaling a possible end to the current bear market that began in early 2025.
The IFP's movement is seen as a major buy signal, indicating increased risk appetite among investors. Despite Bitcoin's previous peak above $126,000 and subsequent 45% decline, the recent IFP crossover suggests a potential rally. As of now, Bitcoin is trading at approximately $70,360, marking a 0.3% increase in the last 24 hours.
Bitcoin Bull Market Potential as IFP Crosses Key Threshold
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