CryptoQuant: Bitcoin’s bearish trend pushes the price to $ 92,200

Analysts of the cryptocurrency market note: Bitcoin BTC $95,821.22 Bitcoin -1.16% Market capitalization $1.9 trillion VOL. 24 hours $1.64 billion is still showing instability — the industry leader has lost 1.7% over the past day. However, the analysis of CryptoQuant analysts is even more worrisome: the key indicator Inter-Exchange Flow Pulse (IFP) has changed direction to negative, which may indicate a loss of confidence among traders. If the selling pressure intensifies, Bitcoin could drop to $ 92,000.

IFP tracks the movement of Bitcoin between spot and derivative exchanges. When coins move from futures platforms to spot markets, it often means that investors close long positions, avoiding risky growth bets. Crypto experts note that this indicator has already moved into the negative zone, which indicates a possible downward trend.

Similar situations in the past have often led to market slowdowns or even deeper corrections. If the trend continues, Bitcoin may enter a period of low volatility or further decline.

Bitcoin is currently trading at $ 96,200. Repeated attempts by the main cryptocurrency to break through $ 98,800 have failed, and the situation still looks uncertain. An additional signal for the bears was the breakout of the upward trend line at $ 97,500, as well as trading below the 100-hour simple moving average.

If Bitcoin fails to return above $ 97,000, the next critical support level will be the $ 92,200 zone, which could open the way to further losses. Investors should closely monitor market dynamics, as signs of weakness could trigger further declines.