Just noticed BTC spot ETF inflows finally turned positive in March after getting hammered for four straight months. We're talking $1.32B flowing back in, which is a pretty solid signal after November through February saw a total of $6.4B leaving the building.

What caught my eye though is that holdings only dipped to 1.28M BTC from the October peak of 1.38M, so investors didn't completely bail. They've already bounced back to 1.31M BTC. That's resilience.

The catch? Most ETF holders are still sitting on losses. Average cost basis hovers around $84K while spot price is trading around $72K right now. But the fact that March marked the first positive monthly candle in six months suggests momentum might finally be shifting. Bitcoin ETF inflows returning could be the sign people were waiting for after that brutal January selloff. Keeping an eye on whether this trend holds into April.