📉 Big index news for spot BTC holders: MSCI will remove Strategy — the largest corporate Bitcoin holder with 849,327 BTC — from its global indexes after Nov 30, saying it now counts as a non-operating company.
Why it matters for spot: index funds tracking MSCI will have to sell, adding pressure on a market already seeing $95M/day spot ETF outflows (4th straight day, ~$1.14B in 4 sessions) and a $14.2B stablecoin supply drop in 30 days — the fastest since 2022.
$BTC ~$73,790, stuck below the $75,600 short-term holder cost basis. Support $72,700–$73,000, resistance $75,000–$75,600. Fear & Greed 28 — deep Fear.
Spot buyers are watching whether $73K holds. Not financial advice. DYOR.
#Bitcoin #Crypto
Why it matters for spot: index funds tracking MSCI will have to sell, adding pressure on a market already seeing $95M/day spot ETF outflows (4th straight day, ~$1.14B in 4 sessions) and a $14.2B stablecoin supply drop in 30 days — the fastest since 2022.
$BTC ~$73,790, stuck below the $75,600 short-term holder cost basis. Support $72,700–$73,000, resistance $75,000–$75,600. Fear & Greed 28 — deep Fear.
Spot buyers are watching whether $73K holds. Not financial advice. DYOR.
#Bitcoin #Crypto