$BTC This round of the bear market bottomed out with the collapse of MicroStrategy. When MicroStrategy collapses, that is when the bottom is reached; every round of bear market must have a large institution go bust.
"MicroStrategy is facing a crisis of being removed from the MSCI index. According to an announcement by MSCI in October 2025, due to MicroStrategy's $BTC proportion reaching 77%, far exceeding the 50% threshold, the company will be officially removed from the relevant indices on January 15, 2026. This means that global retirement funds, index ETFs, and other passive investments tracking these indices must complete the liquidation of MicroStrategy stocks before the deadline."
MicroStrategy must either liquidate $BTC to below 50% on its own, or be passively liquidated by various institutions. If the BTC price falls below its cost, MicroStrategy will face significant losses.
