Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash

On-chain data shows the Bitcoin whales have been dialing back risk on derivatives exchanges following the latest downturn in the cryptocurrency.
Bitcoin Inter-Exchange Flow Pulse Has Just Turned Red
As explained by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the Bitcoin Inter-Exchange Flow Pulse is now giving a red signal. The Inter-Exchange Flow Pulse (IFP) is an indicator that tracks the BTC movements between spot and derivatives exchanges.
When the value of this metric rises,