Bitcoin's bullish momentum is showing signs of weakening as inter-exchange liquidity enters a critical phase, according to Arab Chain's on-chain data. The Bitcoin Inter-Exchange Flow Pulse (IFP) has fallen below its 90-day average, indicating reduced market participation. Currently, Bitcoin is priced at $90,338, marking a 1.82% decline over the past 24 hours, despite a recent peak at $94,000. Daily trading volume reached $82.68 billion, yet the drop in IFP suggests potential consolidation or sideways movement ahead. Historically, such declines in liquidity metrics have preceded periods of market stagnation, raising concerns among traders and investors.