Bitcoin [BTC] has maintained its weekly gains, bouncing from $65.8K to $72K. The rally has now turned key on-chain metrics bullish, indicating a potential sustainable recovery.
In addition to BTC’s strong price momentum, other significant crypto news includes reduced market expectations for the passage of the CLARITY Act and a dim outlook for ETH in the long term.
Here is a detailed overview of the top developments that have influenced the market in the last 48 hours.
Positive Turn for BTC ETFs: A Bullish Signal?
Spot BTC ETFs have seen a remarkable comeback, reaching a record 30-day average of $39 million since the start of the bear market.
Previously, Spot BTC ETFs briefly turned positive in early January 2026, with a peak 30-day average BTC ETF inflow of $30 million. This surge lifted the asset from $85K to $96K before the flows turned negative.
Ecoinometrics, a research firm, projected that continued inflows could signal the beginning of demand stabilization for Bitcoin.
Moreover, other key metrics, such as price momentum and stablecoin liquidity, have also shown positive trends, which could further support BTC’s price stability.
However, sustained upward momentum for BTC still hinges on clearing the $73K hurdle.
CryptoQuant’s Warning on ETH’s Potential Drop to $1.5K
Analytics firm CryptoQuant has taken a bearish stance on ETH due to an ‘adoption paradox’ despite record activity on the Ethereum network. This mismatch has led to a 57% decline in ETH’s price from its 2025 peak of $4.9K.
The increasing exchange inflows for ETH compared to BTC, along with significant on-chain capital outflows, have contributed to ETH’s underperformance against Bitcoin.
ETH’s realized cap has dropped from $315 billion to $300 billion, with significant outflows indicating weakness in the market. CryptoQuant’s Julio Moreno warned that positive capital inflows and reduced exchange inflows are essential for ETH to recover from the bear market.
If the bear market persists, Moreno projected that ETH could fall to $1.5K in Q3 or Q4 2026. Currently, the altcoin is trading at $2.1K.
Decline in Odds of CLARITY Act Passage
The likelihood of the CLARITY Act, a crypto market structure bill, passing into law this year has dropped below 60%. Recent statements from Senate Majority Leader John Thune suggest that the bill may not advance out of the committee by April as anticipated.
Additionally, a stalemate between the White House and banks over stablecoin yield issues has hindered progress on the bill, delaying its passage.
Key Takeaways
- Spot BTC ETFs have shown positive net inflows, reaching a record 30-day average of $39M since the start of the bear market.
- The likelihood of the CLARITY Act passing has fallen below 60% due to obstacles related to stablecoin yield issues.
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