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Bitcoin enters early bull phase as ETF inflows and trader activity return

CryptoQuant says bitcoin flows to derivative exchanges have restarted, while U.S. spot bitcoin ETFs pulled in $1.9 billion in new cash last week, marking their strongest week since October.

Reported · Written up by our desk · Market Structure

Bitcoin is showing signs of moving out of its prior downtrend, with CryptoQuant analysts saying the asset has entered an early bull phase based on how it behaved in past cycles, according to Bitcoin Magazine.

CryptoQuant founder Ki Young Ju pointed to a return of bitcoin flows to derivative exchanges, which the research firm says has historically aligned with traders shifting into “risk-on” mode and the start of a new bull cycle.

Bitcoin’s move has coincided with a turn in U.S. investor sentiment toward bitcoin ETFs, which saw their best week since October. Data cited from Farside Investors shows the funds, managed by firms including BlackRock, Fidelity, Grayscale, and Morgan Stanley, attracted $1.9 billion in new cash.

Bitcoin Magazine also linked the rally to broader macro and policy catalysts, noting the U.S. Treasury said it would at least double long-dated bond buybacks, a move that pushed yields down while bitcoin and gold rose. It added that President Donald Trump met with crypto executives and urged lawmakers to advance the Clarity Act.

Latest closeGold $4,666.20 ▲0.6%|Bitcoin $78,800.07 ▲0.3%

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