As Bitcoin (BTC) continues to trade near its all-time high (ATH) of $123,218, concerns over rising exchange deposits are mounting. However, fresh on-chain data reveals a significant contrast between the current rally and previous ones \u2013 most notably, a decline in BTC deposits to exchanges.<\/span><\/p>\n According to a CryptoQuant Quicktake post by contributor Arab Chain, the Bitcoin Inter-Exchange Flow Pulse (IFP) indicator is exhibiting \u201cinteresting behavior\u201d in mid-2025. Notably, large investors do not appear to be selling their holdings, despite BTC trading at record highs.<\/span><\/p>\n Typically, sophisticated investors begin profit-taking as an asset approaches ATH territory. However, that behavior appears to be largely absent this time.<\/span><\/p>\n The lack of selling activity stands in contrast to the market peaks of 2017 and 2021. During both these instances, there were large BTC inflows to exchanges, which were closely followed by significant price corrections.<\/span><\/p>\n Arab Chain shared the following chart highlighting the relationship between a rising IFP and Bitcoin\u2019s price trajectory. The chart illustrates how price corrections followed rising IFP levels at the end of 2017 and again in 2021. In 2025, despite an IFP surge earlier in the year, the BTC market has since consolidated rather than corrected.<\/span><\/p>\n For context, the IFP indicator tracks the volume of Bitcoin transferred between centralized exchanges, providing insights into investor sentiment and market conditions. A rising IFP typically suggests growing intent to sell or arbitrage, while a declining IFP indicates reduced exchange activity and stronger holder conviction.<\/span><\/p>\n This year\u2019s dynamic between IFP and BTC price suggests investors are choosing to hold Bitcoin, even as prices hover near record highs. Arab Chain noted that such behavior reinforces the bullish case. They said:<\/span><\/p>\n This behavior indicates high confidence in the uptrend so far and partly explains why the price has continued to rise without any clear selling pressure. On the other hand, if the Bitcoin IFP indicator begins to rise, it indicates an intention to sell and an anticipated significant supply pressure. Therefore, a sudden rise in the indicator is a strong warning sign for speculators.<\/span><\/p>\n<\/blockquote>\n While large investors remain largely inactive on the selling front, Bitcoin miners appear to be cashing in on the current rally. Miner outflows <\/span>surged<\/span><\/a> to 16,000 BTC on July 15 \u2013 the highest single-day level since April 7.<\/span><\/p>\n As selling pressure<\/a> builds, recent analysis by CryptoQuant contributor Chairman Lee <\/span>highlights<\/span><\/a> a key support level that BTC must defend to remain on track for the $180,000 year-end target. At press time, BTC trades at $117,529, down 1.4% in the past 24 hours.<\/span><\/p>\n Featured image from Unsplash, charts from CryptoQuant and TradingView.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" As Bitcoin (BTC) continues to trade near its all-time high (ATH) of $123,218, concerns over rising exchange deposits are mounting. However, fresh on-chain data reveals a significant contrast between the current rally and previous ones \u2013 most notably, a decline in BTC deposits to exchanges. Bitcoin Flow Pulse Shows Low Exchange Activity According to a […]<\/p>\n","protected":false},"author":2,"featured_media":399549,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-399542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=399542"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399542\/revisions"}],"predecessor-version":[{"id":399550,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399542\/revisions\/399550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/399549"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=399542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=399542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=399542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Flow Pulse Shows Low Exchange Activity<\/span><\/h2>\n
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BTC Miners Engaging In Profit-Taking<\/span><\/h2>\n
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