Bitfinex report: Bitcoin fund flows are positive but market confidence remains weak; bearish dominance persists.

A Bitfinex report indicates that BTC ETFs recorded net inflows of $69.4 million and $114 million on March 30th and 31st respectively, ending two consecutive weeks of outflows. However, the inflows were primarily driven by ARK Invest (ARKB) and Fidelity (FBTC), with limited inflows into BlackRock's IBIT, reflecting continued cautious institutional demand. Meanwhile, derivatives market funding rates remained negative for most of the first quarter, indicating a continuation of the short-selling dominance, with traders still willing to pay for downside risk. Currently, there is a high-volume liquidation zone below approximately $66,500 for Bitcoin; an upward price movement could trigger a short squeeze, but overall, market confidence in this rebound remains weak.