Interesting to look back at BTC's price action from early March. That $68,784 surge on March 3rd felt promising at the time, but it turned out to be mostly short-covering rather than real institutional buying pressure. The bitcoin price momentum didn't last.

What caught my attention is how the ETF situation has been dragging things down. Over $9 billion in outflows across four months – that's a serious headwind when you're trying to build conviction. The fear sentiment hit historic lows, which usually signals capitulation, yet we still haven't seen the institutional follow-through everyone was betting on.

Technically, the range has been pretty defined: $62,300 as the floor and $72K-$73K as the ceiling. We're currently trading around $77.64K with a +2.73% move today, but I'm watching to see if this holds or if we're just bouncing again. March was supposed to be the turning point month, but without a reversal in those ETF flows, it's tough to build a case for a real push toward $100K. The data just doesn't support that narrative yet.