Bitcoin’s Back, Baby! (Or Is It Just a Flirtation?)
Axel Adler Jr., a CryptoQuant wordsmith with a penchant for charts, recently pointed out that the Bitcoin Inter-Exchange Flow Pulse (or IFP, as the cool kids call it) has shot up faster than a cat on a hot tin roof. This metric, which tracks the amount of BTC ping-ponging between spot and derivatives exchanges, is like a mood ring for the crypto market. When it’s up, investors are apparently feeling speculative-or perhaps just bored. When it’s down, they’re hunkering down like it’s Y2K all over again.

