Bitcoin derivatives inflows rise 136% since March, signaling risk-on shift

Bitcoin derivatives inflows jump. Fresh capital returns to majors.

Bitcoin’s Inter-Exchange Flow Pulse is up 136% from March lows. On-chain shows a turn to risk-on.

The Inter-Exchange Flow Pulse tracks BTC moving between spot and derivatives venues. Rising IFP means more speculative flows to derivatives. Source: NewsBTC explainer.

“Bitcoin Inter-Exchange Flow Pulse is up 136% from March lows. Flow regime is shifting back to risk-on,” wrote CryptoQuant’s Axel Adler Jr, sharing 30/90‑day SMA charts. Source: Axel Adler Jr on X.

The IFP SMAs fell through 2025 and early 2026, even as last year’s rally hit a new ATH. Source: NewsBTC on last year’s ATH.

Net capital flows flipped positive. Combined monthly netflows into Bitcoin, Ethereum, and stablecoins rose to +$3B, the first positive since December. Source: Ali Martinez on X, context: NewsBTC capital flows.

Price action: BTC pulled back from above $79,000 to $75,800. Chart:

Key numbers:
- IFP change since March: +136% source
- Monthly netflows: +$3B, first since December source
- BTC price: $75,800 after $79,000 high chart