DWF Labs said in its latest market report that Bitcoin rose 4.07% last week to $84,478, while the total crypto market capitalization briefly moved above $3 trillion for the first time since Jan. 29. The firm also pointed to strong fund flows into exchange-traded products, saying combined weekly net inflows for BTC and ETH ETFs reached $3.075 billion, the highest level of 2026 so far. Within that total, spot Bitcoin ETFs recorded $2.385 billion in net inflows, bringing year-to-date cumulative net inflows back into positive territory at $1.021 billion. At the same time, DWF Labs noted that funding rates remained negative even as BTC climbed to a nearly eight-month high, and BTC-denominated open interest fell 12.8% over four trading days. Based on those indicators, the firm said the latest move higher appears to have been led by spot buying and ETF-related flows rather than leverage-driven trading activity.
DWF Labs said in its latest market report that BTC rose 4.07% last week to $84,478, while the total crypto market capitalization briefly surpassed $3 trillion for the first time since Jan. 29.
The firm said combined weekly net inflows into BTC and ETH ETFs reached $3.075 billion, the highest level seen in 2026. Within that figure, BTC ETFs posted $2.385 billion in net inflows, and year-to-date cumulative net inflows turned positive again to $1.021 billion.
DWF Labs also said that even with BTC climbing to a nearly eight-month high, funding rates remained negative. BTC-denominated open interest fell 12.8% over four trading days. Based on those signals, the firm said the current rally was driven mainly by spot demand and ETF inflows rather than leveraged trading.
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