Some say this amount of money compared to MSTR’s daily trading volume doesn’t amount to much, and I agree—the value isn’t large.
But sell pressure can’t be judged just by size.
Passive selling orders will be front-run and cashed out early, concentrated into specific time windows, rather than being dispersed and digested slowly throughout the day.
So even if it’s only a small rebalancing, it can still weigh heavily on the order book and make the market feel uncomfortable.