Strategy is only a few percent above its Bitcoin cost basis, and MSCI decides on index treatment on November 11.
Saxo notes Strategy fell about 8% on Friday, while spot Bitcoin funds shed about $643M, their largest outflow since June. $BTC sits near $78K.
My take: the treasury-company trade is now tied closely to the coin's price and to index decisions. If $BTC slipped lower, that link would get tested fast.
Do you think an MSCI decision matters more for $BTC than ETF flows do? Why?
#Bitcoin #Strategy #MSCI #ETFs
Not financial advice.
Saxo notes Strategy fell about 8% on Friday, while spot Bitcoin funds shed about $643M, their largest outflow since June. $BTC sits near $78K.
My take: the treasury-company trade is now tied closely to the coin's price and to index decisions. If $BTC slipped lower, that link would get tested fast.
Do you think an MSCI decision matters more for $BTC than ETF flows do? Why?
#Bitcoin #Strategy #MSCI #ETFs
Not financial advice.