📊 / Crypto Capital Flows

— Weekly Market Brief

Digital assets faced a cooling period following the strong momentum seen in early March. While structural resilience remains, the velocity of institutional inflows has noticeably decelerated.

After a strong start to the month, BTC-ETF flows turned negative mid-week, resulting in a total net outflow of ~$106M for the period ending March 22.

The institutional stance remains cautious but committed. Open Interest (OI) in $BTC futures on CME hit $42.3B, a peak not seen since late 2025 - suggesting that while spot buying has slowed, professional traders are heavily positioned for the next volatility expansion.

Stablecoin supply remains stagnant at ~$314.6B, indicating a lack of fresh liquidity entering the ecosystem this week.

The market is currently recycling existing capital rather than benefiting from new retail or institutional dry powder inflows.