As Bitcoin (BTC) continues to trade near its all-time high (ATH) of $123,218, concerns over rising exchange deposits are mounting. However, fresh on-chain data reveals a significant contrast between the current rally and previous ones – most notably, a decline in BTC deposits to exchanges. Bitcoin Flow Pulse Shows Low Exchange Activity According to a CryptoQuant Quicktake post by contributor Arab Chain, the Bitcoin Inter-Exchange Flow Pulse (IFP) indicator is exhibiting “interesting behavior” in mid-2025. Notably, large investors do not appear to be selling their holdings, despite BTC trading at record highs
source: https://www.newsbtc.com/bitcoin-news/bitcoin-flow-pulse-breaks-from-2017-2021-patterns-what-it-means-for-the-rally/