Bitcoin en ALERTA por la posible expulsión de Strategy de los índices MSCI

The crypto market is facing a decisive stress test. MicroStrategy could be kicked out of the MSCI indexes, triggering a sell-off in a matter of days. MSCI is going to evaluate if non-operating companies are listed on its market and has just set the rules to exclude companies that function more like investment funds. A JPMorgan

report anticipates its expulsion, which would be made public on November 11. This would force index funds to divest 1.384 billion, nearly 10 million shares , or 44%of the daily volume within just 5 to 10 days. Its founder, Michael Saylor, rejects the "treasury" label and compares the firm to a bank. Its current model seeks to exploit margins

by monetizing its balance sheet with preferred shares, dollars, or Bitcoin reserves. If excluded, MicroStrategy could be forced to sell Bitcoins to buy back its shares and contain the blow. This selling pressure threatens to spread fear to the market just when Bitcoin has climbed 45%in the last quarter. Furthermore, technical indicators have moved into positive

territory and major investors are accumulating. This event is binary. MSCI will show its cards on November 11 and the market will decide if the Bitcoin party continues or if a new correction is triggered. Yes.