The crypto market has felt irrational lately. Every bullish news event has been met with more selling \u2013 including US-China trade agreements, Nvidia\u2019s positive Q3 earnings reports, and positive regulatory developments, to name a few. Some analysts are calling it the biggest divergence between price and fundamentals they\u2019ve ever seen.<\/p>\n
But last week, the overhang was revealed: an issue between the world\u2019s second-largest index fund, MSCI, and the world\u2019s largest Bitcoin corporate treasury company, Strategy. The dispute is ongoing and could still have catastrophic consequences. However, its emergence into the public eye finally provides a clear rationale for the Bitcoin sell-off that began in October, helping restore some clarity that the market has been missing.<\/p>\n
Bitcoin\u2019s price bottomed at $80,300 on Friday, before rebounding over the weekend. At press time, it trades close to $86,000. The most crucial fact here is that it\u2019s been showing strength around $82,500, which is the cost basis for Bitcoin ETFs.<\/p>\n
With that in mind, our Bitcoin price prediction<\/a> examines why this is a key area for Bitcoin, how the MSCI-Strategy fiasco plays into this, and whether BTC will rise higher in the coming days. We also look into a new ecosystem play called Bitcoin Hyper<\/a>, which has shown relative strength lately.<\/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 JPMorgan published a warning on Strategy last week, underlining that the company faces delisting risk from MSCI after an announcement the index published on October 10.<\/p>\n MSCI won\u2019t issue a final ruling until 15 January 2026, but the real takeaway from JPMorgan\u2019s warning was something else. It exposed the root cause of the recent Bitcoin selloff \u2013 and potentially even the catalyst that sparked the October 10 $19 billion liquidation event. Most retail traders were unaware of MSCI\u2019s plans, and thus had no idea why smart money, ETFs, and Bitcoin OGs had been dumping BTC since October.<\/p>\n JPMorgan told us why, and that clarity has since settled the market.<\/p>\n Meanwhile, the analyst Frank A Fetter underlined that the ETFs\u2019 cost basis is $82,500, signalling this may be a key area for institutional players to step back in and start accumulating BTC.<\/p>\n So with JPMorgan\u2019s report providing clarity for retail and BTC testing a key institutional buying zone, market dynamics here could certainly favor a bullish rally in the days and weeks ahead. But what do the price charts say?<\/p>\n BTC finds support at the average ETF cost basis, which also happens to be the true market mean. Confluence! pic.twitter.com\/gYsVpDkP0J<\/a><\/p>\n \u2014 Frank (@FrankAFetter) November 23, 2025<\/a><\/p><\/blockquote>\n
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\nJPMorgan\u2019s MSTR Warning Came at the Perfect Time<\/h2>\n
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