Morgan Stanley’s Bitcoin Trust crossed $400 million in cumulative inflows, demonstrating sustained institutional interest despite daily outflows of approximately $240 million from U.S. spot Bitcoin ETFs, which have recorded $51.83 billion in cumulative net inflows. Bitcoin’s MVRV Z-Score stood at 0.39, indicating that BTC traded relatively close to its Realized Value, a zone historically associated with favorable accumulation periods. Miner transfers to exchanges fell to 968 BTC, their lowest monthly reading during the observed period, which could reduce immediate selling pressure. The $65,000 level remains a crucial resistance for Bitcoin, currently trading below several unfilled market imbalances, with the Stochastic RSI at 31 approaching oversold territory. A decisive move above $65,000 stays the key test to confirm a market recovery.
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