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徐戈解密
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Detailed Breakdown of Why Bitcoin Plummeted in November
I've seen a lot of speculation.
First of all, the most popular narrative domestically is that the U.S. is targeting Bitcoin whales, triggering a wave of selling. They confidently cite the confiscation of 61,000 coins in the Zhimin case and 127,000 coins in the Zhi case as examples. This narrative is widely circulated on major short video platforms and is the soul narrative for most retail investors who are bearish on the market.
Strictly speaking, there is a certain impact. Many large investors do indeed find themselves panicking and unable to hold onto their beliefs, leading to impulsive selling.
Secondly, it is rumored that MSTR may be removed from the MSCI index, which could lead to an outflow of approximately $2.8 billion from MicroStrategy and affect its subsequent financing capabilities.
Of course, MSCI is not just targeting MicroStrategy. Any treasury company holding more than 50% of its total assets in digital assets is included in this. If the resolution passes and prompts related index providers to follow suit, the total outflow could reach up to $8.8 billion. Perhaps Wall Street is currently seeking to target treasury companies, forcing them to surrender their chips. MicroStrategy's price has already fallen 67% from its peak.
First of all, the most popular narrative domestically is that the U.S. is targeting Bitcoin whales, triggering a wave of selling. They confidently cite the confiscation of 61,000 coins in the Zhimin case and 127,000 coins in the Zhi case as examples. This narrative is widely circulated on major short video platforms and is the soul narrative for most retail investors who are bearish on the market.
Strictly speaking, there is a certain impact. Many large investors do indeed find themselves panicking and unable to hold onto their beliefs, leading to impulsive selling.
Secondly, it is rumored that MSTR may be removed from the MSCI index, which could lead to an outflow of approximately $2.8 billion from MicroStrategy and affect its subsequent financing capabilities.
Of course, MSCI is not just targeting MicroStrategy. Any treasury company holding more than 50% of its total assets in digital assets is included in this. If the resolution passes and prompts related index providers to follow suit, the total outflow could reach up to $8.8 billion. Perhaps Wall Street is currently seeking to target treasury companies, forcing them to surrender their chips. MicroStrategy's price has already fallen 67% from its peak.
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