Bitcoin Bottom Likely In, Says Analyst as On-Chain Data and Institutional Flows Converge

TLDR: Bitcoin’s MVRV ratio dropped to 1.36, the lowest reading recorded since the 2023 bear market cycle. Morgan Stanley launched a Bitcoin ETF, opening a new distribution channel for sidelined wealth management clients. A DOL proposed rule could unlock 401(k) crypto access, potentially routing $120B from $12T in retirement assets. Global M2 hit $117.5T with [...]

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