$BTC In the evening, prices continued making new lows. Binance spot hit a low of around $73,280, breaking below the approximately $73,390 seen at midday. The early-morning rebound to around $74,811 has been completely erased; BTC is now around $73,306, down about 0.53% over 24 hours. ETH is around $2,041 (down about 0.69% over 24 hours), still above the early-session low of around $2,036.
Compared with midday, U.S. spot ETF flows for the 12th have yet to begin. The real new developments are the gradual price decline and the finalization of the MSCI review. MSCI's official announcement says changes from its November index review will take effect at the close on November 30. Bloomberg and Cointelegraph report that Strategy (STRATEGY A) is marked “Deleted” on the list and will be removed from indices including the MSCI USA Index; Metaplanet and others are also included in the same batch. Passive funds will need to sell shares before the changes take effect. This does not force the company to sell its coins, but it removes a layer of passive buying support for the stock. Strategy's third-quarter report had already anticipated this, and its response to an inquiry said the funds in question hold about 13 million shares, around 3.1% of its basic share capital and less than one day's trading volume. Bloomberg cited a JPMorgan estimate from last year of about $2.8 billion, though its methodology differs from the company's.
Initial jobless claims are due tonight at 21:30 (calendars such as Jin10 expect around 195,000, versus 189,000 previously); PPI is due at the same time tomorrow. U.S. stock futures on Yahoo Finance: S&P 500 around -0.39%, Nasdaq 100 around -0.80%, and Dow around +0.04%.
Are you more concerned that passive selling pressure before November 30 will first affect Strategy's financing and then spill over into spot markets, or do you think this has already been priced in?
Data sources: Binance spot, Yahoo Finance, MSCI November Index Review announcement, Bloomberg, and Cointelegraph. Not investment advice.
$BTC $ETH
#比特币 #MSCI #Macroeconomic data
Compared with midday, U.S. spot ETF flows for the 12th have yet to begin. The real new developments are the gradual price decline and the finalization of the MSCI review. MSCI's official announcement says changes from its November index review will take effect at the close on November 30. Bloomberg and Cointelegraph report that Strategy (STRATEGY A) is marked “Deleted” on the list and will be removed from indices including the MSCI USA Index; Metaplanet and others are also included in the same batch. Passive funds will need to sell shares before the changes take effect. This does not force the company to sell its coins, but it removes a layer of passive buying support for the stock. Strategy's third-quarter report had already anticipated this, and its response to an inquiry said the funds in question hold about 13 million shares, around 3.1% of its basic share capital and less than one day's trading volume. Bloomberg cited a JPMorgan estimate from last year of about $2.8 billion, though its methodology differs from the company's.
Initial jobless claims are due tonight at 21:30 (calendars such as Jin10 expect around 195,000, versus 189,000 previously); PPI is due at the same time tomorrow. U.S. stock futures on Yahoo Finance: S&P 500 around -0.39%, Nasdaq 100 around -0.80%, and Dow around +0.04%.
Are you more concerned that passive selling pressure before November 30 will first affect Strategy's financing and then spill over into spot markets, or do you think this has already been priced in?
Data sources: Binance spot, Yahoo Finance, MSCI November Index Review announcement, Bloomberg, and Cointelegraph. Not investment advice.
$BTC $ETH
#比特币 #MSCI #Macroeconomic data