Morgan Stanley: Acquires $9.3M BTC
Morgan Stanley’s MSBT Bitcoin ETF withdraws 123.21 BTC worth $9.33M from Coinbase Prime amid bearish BTC price action at $75601.
SourceAnalysis
Morgan Stanley’s MSBT Bitcoin ETF withdrew 123.21 BTC (~$9.33M) from Coinbase Prime, signaling continued institutional accumulation.
Price sits at $75601.21 on the 4h chart, testing the lower Bollinger Band support at $75703.72 while the EMA50 at $77648.29 caps upside and the EMA200 at $74471.47 offers deeper floor. MACD death cross at -338.62 keeps the structure bearish, yet RSI at 32.5 leaves room for a relief bounce before any sustained move. Traders watching BTC price prediction models now eye confluence between the lower band and EMA200 as the next decision zone, with any failure likely to accelerate downside pressure across the broader crypto market.
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