MSCI just dropped a bombshell: Starting December 1, it will kick Bitcoin treasury companies like Strategy and Metaplanet out of its global indexes, arguing that they look more like funds than companies. Index funds will passively rebalance, so the selling pressure is real. BTC is now hovering around $73,600, down 8.5% over the past 7 days. ETH is doing even worse, down 15.6% over 7 days. The Fear and Greed Index has fallen to 28, and the screens are awash with fear. U.S. spot BTC ETFs saw $1.58 billion in net outflows over seven trading days, including another $39 million on November 11. Total stablecoin supply shrank by $14.2 billion over 30 days, the biggest drop since 2022. BTC is still stuck below the short-term holder cost basis of $75,600. Holding $73,000 could give it a chance to catch its breath; if that level breaks, it will keep searching for support lower down. This isn't a technical issue—money is flowing out. #比特币 #MSCI