Bitcoin (BTC) remains in a strong price range, hovering between $91,000 and $102,000 despite ongoing geopolitical tensions. This consolidation phase has now lasted for over 81 days, causing BTC prices to remain static despite market volatility.
While BTC prices remain stable, analysts at crypto exchange Bitfinex have identified bearish signals that indicate a possible price decline in the coming weeks.
Global trade tensions have led to a decline in volatility, with Bitcoin posting just a 4.3% peak-to-bottom move and a small weekly gain of 0.82%.
According to Bitfinex analysts, BTC’s flat price movement reflects a lack of strong directional momentum, despite the market’s volatility. BTC remains stable as holders are still holding their positions in an uncertain macro environment.
In addition, Bitcoin’s decline in volatility indicates cautious market sentiment and a lack of clear direction.
While BTC prices have fallen slightly over the past month, the altcoin market has seen a larger decline. This indicates a separation between BTC and altcoins, with more capital flowing into Bitcoin than other assets.
“It reflects the beginning of a new market environment where altcoins are going through a full market cycle, while BTC is increasingly correlated with macroeconomics and showing maturity as a risk asset,” said a Bitfinex analyst.
While Bitcoin prices have remained flat over the past seven days, the amount of losses realized by investors is among the largest in this bullish cycle. This indicates increasing selling pressure.
In addition, the Inter-Exchange Flow Pulse (IFP) – a metric that tracks BTC movements between spot and derivatives exchanges – is now showing a negative signal.
🔹 BTC flows into derivatives exchanges → Bullish signal (indicating increased demand for leverage)🔹 BTC exits derivatives exchanges into spot exchanges → Bearish signal (indicating selling pressure)
For the first time since June 2024, the IFP turned bearish on February 15. This indicates that market sentiment may be weakening and a bearish phase is about to begin.
However, Bitfinex warns that this signal may be false, as IFP is still above the 90-day moving average.
