Bitcoin’s (BTC) continued to rise near the all-time record high of $123,218. This has led some exchanges to worry about increasing deposits. However, fresh on-chain data reveals a significant contrast between the current rally and previous ones – most notably, a decline in BTC deposits to exchanges.
The Bitcoin Flow Pulse shows low exchange activity
Arab Chain has posted a CryptoQuant post titled Quicktake. The indicator Bitcoin Inter-Exchange Flow Pulse (IFP) is exhibiting. “interesting behavior” Mid-2025. One thing to note is that investors of all sizes do not seem to be selling BTC, even though the price has reached record highs.
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Typically sophisticated investors will start profit taking as soon as the asset reaches ATH. This time, however, it appears that this behavior has been largely absent.
This lack of activity is in stark contrast with the market peak of 2017. In both cases, large BTC flows were seen on exchanges. These were followed closely by price drops.
Arab Chain posted the graph below to highlight the relationship between rising IFP levels and Bitcoin’s price. Chart shows that price corrections were followed by rising IFP at the beginning of 2017, and then again in 2021. The BTC market in 2025 has not corrected, but rather consolidated, after a surge of IFP earlier that year.
The IFP is a measure of the amount of Bitcoin that has been transferred from one centralized exchange to another. This indicator provides information about investor sentiment as well as market conditions. An increasing IFP usually indicates a growing intention to arbitrage or sell, while a decreasing IFP shows reduced exchange activity.
The relationship between IFP (the IFP index) and BTC prices this year suggests investors continue to choose Bitcoin, despite the fact that its price is nearing records. Arab Chain stated that bullish behavior is reinforced by such behavior. According to them:
This indicates a high level of confidence in the current uptrend and partially explains the reason why the price continued to climb without any obvious selling pressure. A rising Bitcoin IFP indicates that there is a strong intention to buy and significant demand pressure. A sudden increase in the indicator can be a warning to speculators.
BTC Miners Engaging in Profit-Taking
Bitcoin miners are reportedly cashing in while large investors appear to remain inactive. Miner outflows surged to 16,000 BTC on July 15 – the highest single-day level since April 7.
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The following are some of the ways to get in touch with us. selling pressure CryptoQuant Contributor Chairman Lee has published a recent analysis. highlights BTC has to maintain a certain level of support in order for it to reach the goal of $180,000 by year end. BTC was trading at $117.529 as of press time. That’s a drop of 1.4% over the last 24 hour.
Charts from TradingView.com and CryptoQuant.com.
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Source: www.newsbtc.com
