Bitcoin ETF inflows reach $568M after months of outflows as BTC trades above $70K and key demand metrics shift in March 2026.
After five months of persistent selling pressure, one key Bitcoin demand signal has changed direction.
US spot Bitcoin ETF flows turned positive for two straight weeks in March 2026. The shift comes as multiple market indicators begin moving together, while Bitcoin trades above $70,000 amid uncertain global economic conditions.
Bitcoin ETF Flows Turn Positive After Months of Outflows
After five months of institutional selling, one major Bitcoin demand signal has changed direction.
Data from SoSoValue shows US spot Bitcoin ETFs recorded $568.45 million in weekly net inflows during the first full week of March 2026.
The inflow followed a larger $787.31 million gain in the previous week. These are the first consecutive weekly inflows since the selling trend started in November 2025.
5 months of selling. One week where buyers showed up everywhere at once.
For the first time since October, every single demand metric moved in the same direction. Same week.
ETF flows. Coinbase Premium. Spot volume. Sector breadth. Short-term holders' behavior.
All of them.… pic.twitter.com/lPt52rT1BK
— IT Tech (@IT_Tech_PL) March 15, 2026
ETF flows had remained negative for several months as institutions reduced exposure.
During that period, BlackRock’s iShares Bitcoin Trust (IBIT) lost more than $3 billion between November and February.
The return of positive ETF flows marks a shift in institutional activity. Market analysts often track ETF flows as a proxy for institutional demand.
Other short-term demand indicators also moved in the same direction during the same week.
These include Coinbase premium levels, spot market volume, sector breadth, and short-term holder behavior.
Bitcoin traded above $70,000 for the first time since October 2025 during the same period. The asset briefly tested $74,000 before closing the week near $71,000.
Hash Ribbons Signal Nears After Extended Miner Capitulation
On-chain data also shows changes in miner activity after a long period of pressure. The Bitcoin Hash Ribbons indicator is approaching a widely tracked buy signal.
For more than three months, the network’s 30-day hashrate average remained below the 60-day average.
This condition often reflects miner capitulation when production costs exceed market prices.
During the same period, estimated mining costs reached around $87,000 per Bitcoin.
Spot prices remained lower, forcing some miners to sell reserves to maintain operations. By mid-March 2026, the 30-day hashrate average began crossing above the 60-day average.
Historically, this pattern appears when miner selling pressure begins to slow.
Valuation indicators moved toward neutral levels as the Bitcoin MVRV Z-Score stayed between 0.43 and 0.56, well below late 2025 peaks.
The Crypto Fear and Greed Index dropped to 12, showing extreme fear. Meanwhile, large holders increased exposure, with wallets holding over 1,000 BTC expanding holdings by about 3.7%.
Related Reading: Bitcoin Recovery Signal? Short-Term Holder SOPR Moves Closer to Neutral Level
Bitcoin Rises While Macro Conditions Remain Weak
Bitcoin’s recovery occurred during a week of mixed global economic data. Oil prices briefly surged above $119 due to rising tensions involving Iran and the Strait of Hormuz.
WTI crude later pulled back and settled near $98 per barrel. Energy costs increased market uncertainty and added pressure to inflation expectations.
At the same time, US economic data showed slowing growth. The final estimate for fourth-quarter 2025 GDP was revised to 0.7% from an earlier 1.4%.
Core PCE inflation reached 3.1% year over year, the highest level in nearly two years. Labor data weakened as February payrolls fell by 92,000 and unemployment rose to 4.4%.
US equities declined for a third week, yet Bitcoin outperformed markets and recorded a weekly gain of about 4%.
At the time of reporting, Bitcoin traded near $71,775. The market capitalization stands close to $1.43 trillion.
Daily trading volume reached about $22 billion while circulating supply approached 20 million BTC.
The maximum supply remains capped at 21 million coins. The Federal Reserve policy meeting scheduled for March 17–18 remains a key macro event for markets. Oil prices and inflation data continue to influence broader financial conditions.
