Bitcoin is at risk of entering a bear market due to divergence in price metrics.
From Cointelegraph
March 28, 2025 4:15 am:
Bitcoin (BTC) is at risk of entering a bear market due to a bearish divergence in BTC price metrics, as highlighted by Capriole Investments’ Bitcoin Macro Index. Created in 2022, the index uses onchain and macro-market data to assess Bitcoin’s value throughout historic cycles. The index has been showing lower highs while price continues to rise, indicating a potential long-term peak. Various analytics sources also suggest Bitcoin is facing macro turbulence this year, with four onchain metrics in a state of flux. The Inter-Exchange Flow Pulse (IFP) metric flipped bearish in February, indicating short to mid-term turbulence for Bitcoin. To shift this trend, IFP needs to rise above its 90-day SMA.
Read more at CoinTelegraph: ‘Bitcoin Macro Index’ bear signal puts $110K BTC price return in doubt