๐ $MSTRon (tokenized Strategy) is down -7.46% on Binance Alpha ๐
๐ Price: $136.63 (โน12,986)
๐ Alpha 24h volume: $312.4K
๐๏ธ About 54.7% below its 52-week high of $301.91
๐จ Why it's falling: MSCI approved new rules that could remove companies that mostly hold investments from its indexes. Strategy holds 848,250 BTC, about 4% of Bitcoin's supply. The final list comes out on Nov 11, and index funds could be forced to sell.
๐ป Bear case: Possible forced selling. Bitcoin ETFs saw $534M of outflows this month.
๐ Bull case: One Fundstrat analyst says the market has had months to prepare. Price is also sitting in the 200/50-day average zone.
๐๏ธ Watch: Nov 11 (the MSCI list), Bitcoin's direction, and any new BTC purchase from Strategy.
โ ๏ธ This token trades 24/7, so it can move away from the US stock close.
Is the MSCI risk priced in, or is more downside coming? ๐ Comment below!
#MSTR #Strategy #Bitcoin #TokenizedStocks #BinanceAlpha #BTC
โ ๏ธ Not financial advice. DYOR$MSTRon
๐ Price: $136.63 (โน12,986)
๐ Alpha 24h volume: $312.4K
๐๏ธ About 54.7% below its 52-week high of $301.91
๐จ Why it's falling: MSCI approved new rules that could remove companies that mostly hold investments from its indexes. Strategy holds 848,250 BTC, about 4% of Bitcoin's supply. The final list comes out on Nov 11, and index funds could be forced to sell.
๐ป Bear case: Possible forced selling. Bitcoin ETFs saw $534M of outflows this month.
๐ Bull case: One Fundstrat analyst says the market has had months to prepare. Price is also sitting in the 200/50-day average zone.
๐๏ธ Watch: Nov 11 (the MSCI list), Bitcoin's direction, and any new BTC purchase from Strategy.
โ ๏ธ This token trades 24/7, so it can move away from the US stock close.
Is the MSCI risk priced in, or is more downside coming? ๐ Comment below!
#MSTR #Strategy #Bitcoin #TokenizedStocks #BinanceAlpha #BTC
โ ๏ธ Not financial advice. DYOR$MSTRon