Bitcoin (BTC) is showing early signs of a liquidity rotation, with on-chain metrics and futures positioning both pointing to a gradual shift in investor behavior. The move comes as BTC’s price has seen a modest recovery amid the conflict between the US, Israel, and Iran. Stablecoin-to-BTC Pipeline Reopens In a post on X (formerly Twitter), analyst Darkfost noted that at the end of February, Bitcoin’s realized cap hit an extreme low of -$28. 7 billion