Saylor in talks with MSCI over potential Strategy index exit
Michael Saylor is in discussions with MSCI over a possible removal of Strategy from the MSCI USA and MSCI World indices, and JPMorgan estimates that if this happens and other index providers follow, total capital outflows from Strategy shares could exceed $8.8b
Insight💡: Flows continue to favor BTC and stablecoins as macro uncertainty builds. The market enters a low-liquidity regime where relief bounces are fragile and downside tails remain active.
Macro backdrop: risk appetite weakens again as global markets lean risk-off and liquidity rotates into safer assets.
🔍 Price action: • BTC trades near $86,116 (–5.3% 24h), losing the $90K area and testing support in the mid-$80K range. • ETH drops to $2,824 (–5.9% 24h), lagging BTC as excess leverage is flushed out. • XRP slips to $2.04 (–6.9% 24h), while SOL falls to $126.6 (–7.1% 24h), extending altcoin underperformance.
🔍 Market metrics: total crypto cap is around $3.01T (–5.2% 24h); BTC dominance ~58.1% confirms a defensive rotation into Bitcoin.
Insight💡: The move still looks like aggressive deleveraging rather than a structural breakdown: BTC gains relative share while high-beta altcoins absorb most of the damage.
• Bitcoin (BTC) — $109,724, −0.96 % (24h) | −1.27 % (7d) | Market Cap $2.19 T BTC closes October slightly lower after institutional flows tapered off. Trading volumes remain solid at $68.3 B, suggesting sustained participation despite weak momentum.
• Ethereum (ETH) — $3,837, −1.99 % (24h) | −3.16 % (7d) | Market Cap $464.6 B ETH slips below $3.9 K as on-chain activity cools down. However, L2 networks maintain strong TVL, hinting that capital is rotating within the Ethereum ecosystem.
• Solana (SOL) — $185.3, −4.61 % (24h) | −4.01 % (7d) | Market Cap $101.9 B SOL leads the downside after a strong run earlier this month. Daily DEX volumes dropped 12 %, showing short-term fatigue in DeFi trading.
• Altcoin snapshot: • Hyperliquid (HYPE) +10.68 % (7d) — remains one of the strongest performers, continuing its breakout trajectory. • Bitcoin Cash (BCH) +12.39 % (7d) — benefits from renewed attention to transactional utility. • Hedera (HBAR) +14.48 % (7d) — continues to attract enterprise adoption momentum.
• Stablecoin share — USDT + USDC now account for ~18 % of total crypto market cap, highlighting a defensive positioning among traders.
• Bitcoin (BTC) — $109,724 (-0.96%), cap $2.19T BTC hovers near $110K as monthly close approaches. Trading volume holds steady at $68.3B, signaling market indecision after October’s +6% gain. Funding rates remain neutral — no signs of leveraged pressure.
• Ethereum (ETH) — $3,837 (-1.99%), cap $464.6B ETH continues mild retracement, but staking deposits increase +1.4% weekly, suggesting long-term confidence despite near-term volatility.
• Solana (SOL) — $185.3 (-4.61%), cap $101.9B SOL leads today’s decline as traders rotate profits. However, on-chain activity remains elevated, with daily active addresses +5.2% week-over-week.
• XRP (XRP) — $2.48 (-3.32%), cap $149.1B XRP retraces after rallying earlier in the week; cross-border settlement volume still +1.7% over 7 days.
• Hyperliquid (HYPE) — $44.82 (-7.3%), cap $15.1B HYPE sees correction after an impressive +10.6% weekly run — profit-taking dominates derivatives-focused mid-cap sector.
• Bitcoin Cash (BCH) — $548.95 (-3.83%), cap $10.9B BCH remains a standout this week (+12.4%), driven by renewed miner activity and whale wallet inflows.
📊 Key Metrics • Total Market Cap: $3.88T (-1.9%) • 24h Volume: $132B (-3.5%) • BTC Dominance: 56.8% ↑ • Altcoin Season Index: 36 → bearish zone
The market is starting to wake up, friends — especially BTC and ETH. Pay attention, they’ve been surging in the last hour! October is a month of gains, remember what I’m telling you! 🚀🤯🚀🤯🚀🤯