Bitcoin was trading near $63,500, staying below $64,000 but holding above $60,000 in a range that suggests the market may be forming a bottom. The source says institutional investors shifted from selling in Q2 to buying in Q3, with U.S. spot ETFs adding more than 14,000 BTC recently. That change in flows matters because ETF demand can absorb circulating supply and often serves as a gauge of broader institutional risk appetite. Even with the price still struggling to break higher, the combination of relative price stability and renewed fund accumulation points to improving sentiment.