Bitcoin [BTC] has maintained its weekly gains after jumping from $65.8K to $72K. Interestingly, the rally has now turned key indicators in the chain bullish, pointing to a possible sustainable recovery.
In addition to BTC’s resilient price momentum, other major crypto headlines include market expectations for CLARITY Act passage to decline and ETH’s weak long-term prospects.
Here’s a full look at the major updates that shaped the market over the past 48 hours.
BTC ETFs Turn Positive: A Bullish Sign?
Spot BTC ETFs have made a huge comeback, with the 30-day moving average reaching an all-time high of $39 million since the start of the bear market.
The last time Spot BTC ETFs briefly turned positive was in early January 2026, and 30-day average BTC ETF inflows peaked at $30 million. This increased assets from $85,000 to $96,000, but flows quickly turned negative afterward.
Commenting on current BTC ETF flows, says research firm Ecoinometrics projected,
If the inflows continue, it could mark the first stages of Bitcoin demand stabilization.
Interestingly, a number of other key metrics have also improved and could help further stabilize the price of BTC. AMBCrypto before reported that the price momentum and liquidity of stablecoins have also turned positive.
However, the upside momentum of a sustainable BTC has yet to overcome the $73,000 threshold.
CryptoQuant warns that ETH could fall to $1.5K
Separately, analytics firm CryptoQuant has turned around bearish over ETH, citing an ‘adoption paradox’ with record Ethereum network activity but the altcoin’s price struggling.
The Ethereum network had a record number of active addresses of more than 1 million in February. But ETH price is down 57% from its 2025 high of $4.9k, marking a departure from the last cycle when network activity coincided with strong increases on the price charts.
Furthermore, 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 has been further amplified by the massive on-chain capital outflow.
ETH’s realized cap, which tracks capital flows, has fallen from $315 billion to $300 billion, an outflow of as much as $15 billion since last November. Citing the weakness, CryptoQuant’s head of research, Julio Moreno, warned that:
We need positive capital inflows and lower currency inflows before ETH can exit the bear market.
Otherwise, Moreno expects that the ETH price could fall to $1.5K in the third or fourth quarter of 2026 if the bear market continues. At the time of writing, the altcoin was trading at $2.1K.
CLARITY The chance that the law will be passed falls to less than 60%
Finally, the market has reassessed the likelihood of the crypto market structure bill, the CLARITY Act, becoming law this year. At the time of writing, the odds of the bill passing fell to 56%, down from a high of 78% last week.
The bill’s chances of passage also fell following a recent revelation by Senate Majority Leader John Thune that the bill may not pass out of committee in April as previously expected.
Separately, the White House and the banks have been in crisis deadlock in recent days on the stablecoin yield issue. As such, the elusive stablecoin revenue deal could delay the bill yet again.
Final summary
- Net inflows into spot BTC ETFs broke through, reaching a record 30-day average of $39 million since the start of the bear market.
- The chances of the CLARITY Act passing have fallen below 60% as the White House and banks face a roadblock to stablecoin returns.