Bitcoin Demand Flips Positive First Time In 3 Months, BTC Price Above $70K Soon?

Key Insights:

• Bitcoin demand turning positive signals renewed capital inflows and easing distribution pressure.
• U.S. spot Bitcoin ETFs recorded over $500 million in net inflows on Feb. 25, led by BlackRock’s IBIT.
• Analysts note the BTC price rally coincided with easing selling pressure, and the latest Jane Street lawsuit.

Bitcoin demand has flipped into the positive territory for the first time in three months. On Feb. 25, the net inflows in spot Bitcoin ETFs also shot past $500 million, in a healthy bounce. With the BTC price bouncing back nearly 10% over the last two trading sessions, bulls are targeting a breakout above $70K for sustained upside.

Bitcoin Demand In Green Zone After Three Months

Bitcoin’s on-chain demand has flipped into the positive territory for the first time in three months. This clearly shows a shift in market dynamics after a strong period of distribution and net outflows.

According to data from CryptoQuant, the 30-day “Apparent Demand” metric has moved back into positive territory. This is the first time after Nov. 2025, the demand is surging. A positive reading suggests that new capital is entering Bitcoin while reducing the selling pressure.

Bitcoin demand flips positive | Source: CryptoQuant

The development follows months of sustained structural weakness. As per the above chart, the BTC demand remained in the deep red zone amid strong whale distribution. Analysts note that historically, such on-chain reversals occurred before strong BTC price momentum.

Bitcoin Price Gains Momentum Amid Easing of Selling Pressure

Data from CryptoQuant also suggests that selling pressure on Coinbase is easing rapidly. The Coinbase Bitcoin Premium Index has turned positive for the first time since January 15. Analysts say that this signals a revival of US institutional demand.

Coinbase Bitcoin Premium Index | Source: CryptoQuant

As shown in the image above, the Bitcoin premium index has flipped positive after weeks of negative readings. The move back above zero shows that spot buying activity on Coinbase is now outpacing pressure from offshore exchanges.

On the other hand, the demand for spot Bitcoin ETFs is rising again. Over the last two trading sessions, inflows into Bitcoin ETFs have shown healthy gains. On Wednesday, Feb. 25, the inflows across all US ETF crossed $500 million. The BlackRock iShares Bitcoin Trust (IBIT) led the most with $297 million in inflows. Grayscale’s GBTC was the second at $102 million, as per data from Farside Investors.

During yesterday’s trading session, BlackRock’s IBIT added 4,309 BTC, equivalent to approximately $296.75 million in net inflows. Trading activity also remained elevated, with total daily volume reaching $3.1 billion. It shows that institutional participation in spot Bitcoin ETFs is resuming.

BTC Price Pumps As Jane Street Manipulation Ends

Popular market analyst Bull Theory has noted that Bitcoin has rallied sharply over the past two days, gaining 10% and adding approximately $120 billion to its market cap. The surge comes shortly after Jane Street was sued earlier this week. The analyst also noted that ever since the legal action against Jane Street, BTC price saw a pattern of sharp 10 a.m. moves.

BTC price and Jane Street manipulation | Source: Bull Theory

However, no direct causal link has been officially established between the lawsuit and the recent BTC price recovery. The broader cryptocurrency market has followed suit. Thus, the overall crypto market has added over $200 billion in the last two days.

On the other hand, big market players remain confident of Bitcoin recovery. Speaking at Strategy World 2026 in Las Vegas, MicroStrategy’s Michael Saylor urged investors to look beyond short-term market volatility. He asked to focus on Bitcoin’s structural growth potential relative to traditional benchmarks such as the S&P 500.

During his address, Saylor said he expects Bitcoin to outperform the S&P 500 over the next four to eight years. He believes BTC could deliver returns 3-4x those of the US index. Saylor described Bitcoin’s volatility as a “feature, not a flaw,” arguing that price swings tend to reward long-term, conviction-driven investors.

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