Making $19.5 billion, only to be kicked out of the index? Strategy encountered such an absurd situation. MSCI announced its intention to remove it from its stock index. Following the news, the stock price dropped 5%, while BTC simultaneously slid towards $71,000. The profit figures are there, but the index rules don't care about that; this contrast is key. $19.5 billion in profits had no effect on the index rules. Even more interesting is the other side: Jane Street's latest holdings show an increase of 53.8%, reaching 4.119 million shares. On one hand, the index is trying to remove it; on the other hand, Jane Street is increasing its holdings. Looking at these two actions together is quite a contrast. Within the same timeframe, the market reaction was split in two: on the price side, the stock price fell 5%, and BTC slid towards $71,000; on the holding side, holdings increased by 53.8%, and the number of shares rose to 4.119 million. My opinion: Being removed from the index brings mechanical capital flows, which doesn't necessarily mean the company's fundamentals have deteriorated, but short-term selling pressure is real. Don't confuse the two. I don't give trading advice, I just remind you to distinguish between emotion and logic. Which side are you on: Is being removed from the index a negative for Strategy, or a market misjudgment? Other key points today are shown in the chart above ⚠️ Not investment advice · DYOR Crypto Daily Briefing: Strategy, Bitcoin