I just noticed that Bitcoin has started to recover after the severe pressure in February. It was really brutal—dropping nearly 24% in a month, the biggest decline since 2022. But now the price has risen again to around $77K, so it seems the market is beginning to stabilize.

What’s interesting is the change in institutional behavior. Previously, spot Bitcoin ETFs were very popular, but during that time there were large outflows of over $200 million during high volatility. Now it looks like investors are starting to come back, judging by the recent upward momentum.

Technically, the $60K level that served as psychological support back then has apparently held. The 200-week moving average at $58.5K also acts as a fairly solid floor. From the chart, the decline in February was more due to a global risk-off phase caused by tariff policies, rather than a fundamental breakdown in crypto.

What needs to be monitored now is whether this recovery is sustainable or just a regular bounce. If it can break through $80K and hold, it means sentiment has truly shifted. But caution is still necessary with macro news, because Bitcoin remains very sensitive to global economic movements.