Despite a local rejection of mid-70s, investor flows have been in consistent recovery since mid-Feb. Meanwhile expected volatility (VIX) on equities is hinting for a switch to "risk on" in coming weeks. BTC sold off WAY TOO FAST in this early bear market and current conditions are setting up to test mid-80s which is the cost basis of short term investors. This is NOT me saying the bottom is in. BTC is solidly in the middle of its bear market through a lens of long range liquidity. Typically, after fast downward flushes like we have had BTC likes to go sideways and mount a rally where resistance is tested. Bull trap forming.