Bitcoin Coinbase: the right edge improved, but the market is still in a broad range Since the Feb 6 flush, $BTC has spent nearly two months rotating inside a broad range. The flush low came near $60K, and the latest push brought price back toward the upper part of that structure, with BTC now trading near $74.4K. The right edge is clearly stronger than it was in February and March. Coinbase premium was deeply negative at the flush, around -88.9 on the first bar of this range and -92.1 a few hours later. Over the last 30 bars, average premium is positive near +29.2, with 29 of those 30 bars above zero. U.S. spot demand improved sharply on the right edge. Flow improved too, but it still looks more local than structural. Over the last 30 bars, cumulative delta is positive near +906. Over the last 90 bars, it is only slightly positive near +133. Across the full range, cumulative delta is still negative near -5.4K. That is the key split. The right edge improved, but the market is still trading inside a broad range after the flush. The recovery is real. Clean range resolution is not here yet 🧸 DYOR