Big news for spot holders: MSCI confirmed Strategy gets kicked out of its global equity indexes after Nov 30 — the biggest corporate Bitcoin buyer losing its index seat.
$BTC is sitting at ~$68,700, parked on the 200-week average, after a $67,568 low — its lowest since August. The backdrop: ~85-90% odds of a Fed hike in December, $1.44B of ETF outflows in 5 sessions, and $1.64B liquidated in 24h.
Strategy's buying engine is part of what this bull run was built on. If index funds now have to sell, spot supply meets a thinner bid. Watch $68K — lose it and $65K comes fast.
Not financial advice. DYOR.
#Bitcoin #Crypto #Fed
$BTC is sitting at ~$68,700, parked on the 200-week average, after a $67,568 low — its lowest since August. The backdrop: ~85-90% odds of a Fed hike in December, $1.44B of ETF outflows in 5 sessions, and $1.64B liquidated in 24h.
Strategy's buying engine is part of what this bull run was built on. If index funds now have to sell, spot supply meets a thinner bid. Watch $68K — lose it and $65K comes fast.
Not financial advice. DYOR.
#Bitcoin #Crypto #Fed