U.S. bitcoin exchange-traded funds saw net inflows on Monday, breaking a two-session stretch of outflows as bitcoin surged to $70,000 and investor demand returned to the largest cryptocurrency.

Spot Bitcoin (BTC) ETFs saw inflows of $167 million on Monday, following about $577 million in outflows on Thursday and Friday. According to to SoSoValue data.

Demand was weaker for other cryptocurrency-related ETFs. Altcoin funds experienced significant selling pressure, with outflows continuing for Ether (ETH), XRP (XRP), and Solana (SOL) ETFs, even as the value of the underlying tokens increased by 3-5% in the last 24 hours. According to to CoinGecko data.

The gains came after U.S. President Donald Trump told reporters on Monday that the war with Iran may be coming to an end, easing geopolitical concerns and sending oil prices lower.

Ether, XRP and Solana are currently on a three-day streak of outflows

According to SoSoValue, Ether, XRP and Solana ETFs saw outflows of $51 million, $18 million and $2.5 million, respectively, on Monday. This marked a three-day streak of outflows, during which Ether recorded its largest cumulative losses at $225 million.

While ETH and SOL sales have declined over the past three trading sessions, XRP outflows have increased, totaling around $41 million as of Thursday. Solana’s outflows during the same period were approximately $16 million.

Related: Crypto funds gain $619 million as markets hold despite oil and war concerns

The cryptocurrency ETF’s sideways trading came as analysts warned that it was too early to call a structural bottom for Bitcoin, which was trading at $70,015 at the time of writing. According to this CoinGecko.

The CryptoQuant IT analyst cited the ratio of Bitcoin’s long-term holder to short-term holder spent profit, which reached 0.89, showing short-term holders selling at a loss.

The data suggests that market stresses are mounting but have not yet reached the point of capitulation, meaning a clearer bottom may yet be in sight.

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