Bitcoin Stuck Below $65K as Morgan Stanley Flows Hit $400M

Morgan Stanley's Bitcoin Trust has seen strong institutional interest, with inflows surpassing $400 million in recent times. This comes as part of a larger trend, with U.S. Spot Bitcoin ETFs reporting cumulative inflows of $51.83 billion.

However, not all is rosy for Bitcoin. The cryptocurrency is currently trading below its critical resistance level of $65,000, and daily outflows from these ETFs have reached around $240 million.

Despite this, there are some positive signs on the horizon. Miner transfers to exchanges have decreased, potentially reducing selling pressure and aiding price recovery.

Technical indicators suggest weakening momentum for Bitcoin, but they do not confirm a reversal. If Bitcoin can break decisively above $65,000, institutional inflows and softer miner activity may support a rebound.