Bitcoin is sitting just under $74,000 this morning — and the biggest story is not the price, it is what happened in the index world.
$BTC is at $73,736, up 0.4% in 24 hours. Range so far: $73,209 to $74,811. Fear & Greed is 28 — still Fear, a touch lower than yesterday's 29.
What moved overnight:
• MSCI confirmed it will remove Strategy (MSTR) from its USA Index at the Nov 30 close. Metaplanet is out of the Japan Small Cap index too. JPMorgan estimates about $2.8B of passive selling in Strategy stock.
• Strategy still holds 850,364 BTC. The removal hits the stock, not the Bitcoin — but it can slow the buying machine.
• US spot Bitcoin ETFs lost about $127M on Wednesday — a fifth straight day of outflows. BlackRock's IBIT has now had nine straight sessions of withdrawals.
• MARA sold 13,597 BTC for about $1.1B after September, using $750M to repay Bitcoin-backed loans.
Levels: support $73,200 (the 200-day line) and $72,727 (Tuesday's low). Resistance $74,811 and the $75,000 round number.
Bitcoin is stuck between a slow ETF bleed and a $75,000 wall. Which breaks first?
Not financial advice.
#Bitcoin #BTC #Crypto
$BTC is at $73,736, up 0.4% in 24 hours. Range so far: $73,209 to $74,811. Fear & Greed is 28 — still Fear, a touch lower than yesterday's 29.
What moved overnight:
• MSCI confirmed it will remove Strategy (MSTR) from its USA Index at the Nov 30 close. Metaplanet is out of the Japan Small Cap index too. JPMorgan estimates about $2.8B of passive selling in Strategy stock.
• Strategy still holds 850,364 BTC. The removal hits the stock, not the Bitcoin — but it can slow the buying machine.
• US spot Bitcoin ETFs lost about $127M on Wednesday — a fifth straight day of outflows. BlackRock's IBIT has now had nine straight sessions of withdrawals.
• MARA sold 13,597 BTC for about $1.1B after September, using $750M to repay Bitcoin-backed loans.
Levels: support $73,200 (the 200-day line) and $72,727 (Tuesday's low). Resistance $74,811 and the $75,000 round number.
Bitcoin is stuck between a slow ETF bleed and a $75,000 wall. Which breaks first?
Not financial advice.
#Bitcoin #BTC #Crypto