Bitcoin Poised for Bull Run as Key Indicator Signals "Buy"
Bitcoin (BTC) has been steadily holding its ground around the $70,000 mark this weekend, hinting at a potentially choppy but ultimately bullish market structure. Recent on-chain data has triggered a significant "buy alarm" for the flagship cryptocurrency, suggesting the dawn of a new bull market could be imminent.
Has BTC Price Reached Its Cycle Bottom?
Prominent market analyst Ali Martinez recently sounded a bullish alarm for Bitcoin, pointing to a critical shift in the Inter-Exchange Flow Pulse (IFP) metric. The IFP, an on-chain indicator tracking Bitcoin flows between spot and derivatives exchanges, measures investor sentiment and risk appetite. A rising IFP typically signals a bullish outlook, as significant amounts of BTC move to derivatives platforms, indicating a readiness for upward price action. Historically, the IFP's movement relative to its 90-day moving average has been a reliable predictor of Bitcoin's long-term trend. A cross below this average often precedes a bear market, while a cross above signals the start of a bullish period. The IFP dipped below its 90-day average in early 2025 (likely a typo, intended as 2024 or prior), marking the onset of the recent bear market where Bitcoin's value shed nearly 45% from its peak.
A Major Buy Signal Emerges
Crucially, the IFP has recently crossed back above its 90-day moving average. Martinez interprets this as a "major buy signal," suggesting that "big money is getting ready for a rally." While the IFP can act as a leading indicator, meaning price movements may follow the signal with a slight delay, this development provides strong technical backing for an impending bull run. Investors, however, are advised to approach the market with caution, acknowledging the indicator's leading nature. As of this writing, Bitcoin is valued at approximately $70,360, showing a marginal 0.3% increase over the past 24 hours.
