Here’s what happened in crypto today – BTC ETFs, CLARITY Act, & more

Bitcoin [BTC] has held on to its weekly gains after bouncing from $65.8K to $72K. Interestingly, the rally has now flipped key on-chain metrics bullish, suggesting a potential sustainable recovery. 

Beyond BTC’s resilient price momentum, other top crypto headlines include market expectations for the CLARITY Act passage dropping and ETH’s weak long-term outlook. 

Here’s a full breakdown of the top updates that shaped the market in the past 48 hours. 

BTC ETFs flip positive: A bullish sign?

Spot BTC ETFs have made a massive comeback, with the 30-day rolling average hitting a record high of $39 million since the bear market began. 

The last time the Spot BTC ETFs briefly turned positive was in early January 2026, and the 30-day average BTC ETF inflows peaked at $30 million. This lifted the asset from $85K to $96K, but the flows quickly turned negative afterward. 

Commenting on the current BTC ETF flows, research firm Ecoinometrics projected,

If inflows persist, it could mark the early stages of demand stabilization for Bitcoin.

Interestingly, a couple of other key metrics have also improved and could further help stabilize BTC’s price. AMBCrypto previously reported that price momentum and stablecoin liquidity have also turned positive. 

However, a sustainable BTC’s upward momentum still needs the clearance of the $73K hurdle. 

CryptoQuant warns ETH could drop to $1.5K

Separately, analytics firm CryptoQuant has turned bearish on ETH, citing an ‘adoption paradox’ with record Ethereum network activity, yet the altcoin’s price struggles. 

The Ethereum network saw a record number of active addresses of over 1 million in February. But the ETH price has declined by 57% from the 2025 high of $4.9K, marking a divergence from the last cycle when network activity coincided with strong rallies on price charts. 

Besides, ETH has seen higher exchange inflows compared to BTC, which partly explains the altcoin’s relative underperformance against the king coin. 

In fact, ETH’s weakness has been reinforced by massive on-chain capital outflows. 

ETH’s realized cap, which tracks capital flows, has declined from $315 billion to $300 billion, a whopping $15 billion in outflows since last November. Citing the weakness, CryptoQuant’s head of research, Julio Moreno, warned that,

We need to see positive capital inflows and lower exchange inflows for ETH to exit the bear market.

Otherwise, Moreno projected the ETH price could slip to $1.5K in Q3 or Q4 2026 if the bear market extends. At press time, the altcoin traded at $2.1K. 

CLARITY Act passage odds drop below 60%

Finally, the market has repriced the chance of the crypto market structure bill, the CLARITY Act, becoming a law this year. At press time, the odds of the bill’s passage dropped to 56%, from a high of 78% last week. 

The passage odds also fell after a recent revelation by Senate Majority Leader John Thune that the bill may not progress out of the committee by April as earlier expected. 

Separately, the White House and the banks have been in a standoff in the past few days over the stablecoin yield issue. As such, the elusive stablecoin yield deal could be stalling the bill again. 

Final Summary

• Spot BTC ETFs’ net inflows fronted a breakout and hit a record 30-day average level of $39M since the bear market began. 
• The chance of CLARITY Act passage has slipped below 60% as White House and banks hit a roadblock on stablecoin yield.