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Bitcoin (BTC) maintained its weekly gains after jumping from $65.8K to $72K. Interestingly, the rally has now turned key on-chain metrics bullish, indicating a potential sustainable recovery.
Beyond BTC’s resilient price momentum, other major crypto headlines include market expectations that passage of the CLARITY Act will fall and ETH’s weak long-term outlook.
Here’s a full breakdown of the most important updates that shaped the market over the last 48 hours.
BTC ETFs turning positive: A bullish sign?
Spot BTC ETFs have made a big comeback since the bear market began, with the 30-day moving average reaching a record high of $39 million.
Spot BTC ETFs last turned positive briefly in early January 2026, with 30-day average BTC ETF inflows reaching as high as $30 million. This increased the asset from $85k to $96k, but flows then quickly turned negative.
Commenting on current BTC ETF flows, research firm Ecoinometrics predicted,
If inflows continue, this could signal the first stages of demand stabilization for Bitcoin.
Interestingly, several other key metrics have also improved and may further help BTC price stabilize. AMBCrypto previously reported It was observed that price momentum and stablecoin liquidity also turned positive.
However, for a sustainable BTC upward momentum, the $73,000 barrier still needs to be overcome.
CryptoQuant warns that ETH could drop to $1.5k
Separately, analysis firm CryptoQuant also made a return. downward trend There is talk of an ‘adoption paradox’ in ETH with record Ethereum network activity, but the altcoin’s price is struggling.
The Ethereum network saw a record number of active addresses over 1 million in February. However, ETH price has fallen by 57% from its 2025 high of $4.9K; This marks a departure from the last cycle, when network activity coincided with strong rallies on price charts.
Additionally, ETH has seen higher currency inflows compared to BTC, which partially explains the altcoin’s relative underperformance against the king coin.
In fact, ETH’s weakness was further strengthened by massive on-chain capital outflows.
ETH’s realized cap, which tracks capital flows, has fallen from $315 billion to $300 billion, with a massive outflow of $15 billion since last November. CryptoQuant’s head of research, Julio Moreno, pointed out this weakness and warned:
For ETH to break out of the bear market, we need to see positive capital inflows and lower foreign exchange inflows.
Otherwise, Moreno predicted that if the bear market extends, the ETH price could drop to $1.5 thousand in the 3rd or 4th quarter of 2026. At the time of writing, the altcoin was trading at $2.1 thousand.
CLARITY Act’s chance of passage drops below 60%
Finally, the market reassessed the chances of the CLARITY Act, the crypto market structure bill, becoming law this year. At the time of writing, the bill’s odds of passing have fallen to 56% from last week’s high of 78%.
Passage odds have also fallen following Senate Majority Leader John Thune’s recent statement that the bill might not make it out of committee until April as previously expected.
Separately, the White House and the banks were in a situation. separation There have been some developments regarding the stablecoin yield issue in the past few days. Therefore, the elusive stablecoin yield deal may be delaying the bill again.
Final Summary
- Net inflows of spot BTC ETFs have surged, reaching a record 30-day average of $39 million since the start of the bear market.
- The CLARITY Act’s chances of passing have fallen below 60% as the White House and banks face a roadblock over stablecoin returns.
