Morgan Stanley’s $50.6M BTC buying shields market – But rally to $82K has THIS hurdle

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Morgan Stanley added 641.87 BTC, worth approximately $50.6 million, to its MSBT Bitcoin ETF over a two-week period, including 51.58 BTC (roughly $4 million) recently transferred from Coinbase Prime. Daily net inflows for Bitcoin spot ETFs reached $6 million, bringing cumulative flows to nearly $55.63 billion, representing approximately 695,820 BTC. Negative netflows to exchanges at -$6.66 million on September 12 indicate that withdrawals exceeded deposits, limiting immediate supply pressure. Bitcoin traded around $77,257 after retreating from the $82,000 resistance, holding the $76,500 support intact with an RSI at 55.02. A successful defense of the $76,500 support could enable another recovery toward $82,000, while a breakdown below this level would increase the probability of a deeper correction.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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