Bitcoin has experienced a bearish momentum according to the Inter-Exchange Flow Pulse (IFP) indicator, which measures the flows of BTC between derivative and spot exchanges. A dip in the IFP suggests reluctance among market participants, raising caution for BTC investors. Other indicators, such as the MVRV ratio and Realized Price Bands, also indicate potential unrealized gains for investors. However, the Coin Days Destroyed and Realized Capitalization Growth indicators may suggest a start of bearish momentum if they continue to decline.



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