The Ethereum derivatives market has seen its first net inflow of capital since 2023, following months of steady outflows. Data from CryptoQuant shows Ethereum derivatives with a net positive trading volume of about $104 million, ending a long period of net selling as buyers are now overtaking sellers. The inflows follow a significant year-long outflow of roughly $132.5 billion. In the past 60 days alone, $6.64 billion has returned to the market, including $5.74 billion in the last 30 days and $131.7 million in the last 24 hours. This shift could influence Ethereum's pricing trends if momentum continues, as historically, positive derivative flows often precede upward movements in spot markets.