Bitcoin crashed from $126,080 in October to $80,500 this week, and no one really had a concrete explanation for why. All traders knew was that ETFs were selling, old whales were selling, and structural support levels were being obliterated.<\/p>\n
However, new information came to light this week, explaining precisely why Bitcoin performed so poorly. This allows traders to see things from a different perspective, potentially providing clues into the market\u2019s next move.<\/p>\n
On Wednesday, JPMorgan reported that MSCI, the world\u2019s second-largest index fund provider, is considering delisting Strategy, the world\u2019s largest Bitcoin treasury. The reason is that MSCI believes Strategy and other DAT companies could be treated as funds rather than operational companies.<\/p>\n
Quickly, Michael Saylor hit back, insisting that MSCI is incorrect. As such, the market settled, with Bitcoin reclaiming $86K on Sunday \u2013 but can it maintain this strength? Our Bitcoin price prediction explores what the future holds for BTC and what that could mean for Bitcoin-linked projects like Bitcoin Hyper<\/a>.<\/p>\n This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.<\/strong><\/em><\/p>\n Crypto might be facing its biggest battle since the push for Bitcoin ETFs in 2024. MSCI published an announcement on October 10 declaring that it\u2019s considering delisting MSTR from its equity indices, alongside other companies \u201cwhose digital asset holdings represent 50% or more of their total assets.\u201d<\/p>\n This went under the radar of most investors \u2013 but it\u2019s quite clear that smart money understood just how game-changing the effects could be. Hours after the announcement was published, Bitcoin began crashing, and then came the 10\/10 $19.2 billion liquidation event.<\/p>\n The news only became widely understood when JPMorgan wrote in a research note on Wednesday that Strategy risks $2.8 billion in outflows if MSCI delists MSTR, and up $8.8 billion if other indices follow. That could be catastrophic for Bitcoin.<\/p>\n By Friday, BTC plummeted to its lowest level seen since April \u2013 $80,500. But this is when Strategy CEO Michael Saylor stepped in, writing on X that \u201cStrategy is not a fund, not a trust, and not a holding company,\u201d adding, \u201cWe\u2019re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital.\u201d<\/p>\n Since then, the market has settled, with BTC up 2.5% over the last 24 hours and currently trading at $86,100. However, MSCI won\u2019t make a final ruling until 15 January 2026. So what happens next for Bitcoin?<\/p>\n Response to MSCI Index Matter<\/p>\n Strategy is not a fund, not a trust, and not a holding company. We\u2019re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital.<\/p>\n This year alone, we\u2019ve completed\u2026<\/p>\n \u2014 Michael Saylor (@saylor) November 21, 2025<\/a><\/p><\/blockquote>\n
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\nBitcoin Rallies 2.5% As Saylor Fires Back on MSCI<\/h2>\n
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