Bitcoin ETF demand just flipped back into positive territory.
After months of persistent outflows, 30-day rolling Bitcoin ETF flows have turned positive again.
This is the first meaningful demand breakout since the bear market began in November. If inflows persist, it could mark the early stages of demand stabilization for Bitcoin.

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This move in ETF flows is exactly the kind of shift our demand model was looking for.
In the March Bitcoin Market Monitor we simulated what happens if flows turn positive again.
Even in the bullish scenario, upside remains limited unless inflows persist for several weeks.
We walk through the scenarios here: