"币圈龙头股"MicroStrategy正面临一项可能动摇其市场地位的潜在风险：被全球指数提供商MSCI剔 除。 分析师Nikolaos估计，在当时MicroStrategy约590亿美元的市值中，大约有90亿美元由追踪各类指数 的投资工具持有。其中，明确追踪MSCI指数的资金规模约为28亿美元。这意味着，一旦剔除决定生 效，将可能触发规模达28亿美元的强制性卖盘。 指数提供商MSCI提议，可能将其全球可投资市场指数中的"数字资产财库公司"剔除，而 MicroStrategy是此类公司的典型代表。据摩根大通分析，若被剔除，MicroStrategy的估值将面 临"相当大的压力"，可能引发追踪MSCI指数的基金抛售约28亿美元的股票。过去一年，该公司股价已 跌57%。 指数巨头MSCI在近期发布的一份声明中提议，将持有大量数字资产作为库存储备的公司（即"数字资 产财库公司"，DATs）从其全球可投资市场指数中剔除。作为因持有巨额比特币而闻名的典型代表， MicroStrategy首当其冲。 对此，摩根大通Nikolaos Panigirtzoglou分析师团队指出，这一猜测可能是导致MSTR股价近期承压的 因素 ...

"币圈龙头股"MicroStrategy正面临一项可能动摇其市场地位的潜在风险：被全球指数提供商MSCI剔除。 指数巨头MSCI在近期发布的一份声明中提议，将持有大量数字资产作为库存储备的公司（即"数字资产财库公司"，DATs）从其全球可投资市场 指数中剔除。作为因持有巨额比特币而闻名的典型代表，MicroStrategy首当其冲。 对此，摩根大通Nikolaos Panigirtzoglou分析师团队指出，这一猜测可能是导致MSTR股价近期承压的因素之一。他们警告称，若MSTR最终被剔 除，其估值将面临"相当大的压力"，因为追踪MSCI指数的被动型共同基金和ETF将被迫抛售该股票。 数据显示，2025年迄今，MSTR的日均交易额略高于48亿美元。一笔28亿美元的卖单，相当于其日均交易量的近60%。 分析师Nikolaos估计，在当时MicroStrategy约590亿美元的市值中，大约有90亿美元由追踪各类指数的投资工具持有。其中，明确追踪MSCI指数的 资金规模约为28亿美元。这意味着，一旦剔除决定生效，将可能触发规模达28亿美元的强制性卖盘。 尽管MicroStrategy的创始人Michael Say ...

Market Overview - The cryptocurrency market faced a significant downturn, with over $1.5 billion in long leveraged positions being liquidated, leading to a severe sell-off, particularly impacting smaller tokens [1] - Ethereum's price dropped nearly 9%, reaching a low of $4,075, while Bitcoin fell close to 3% to $111,998 [1] - Major cryptocurrencies experienced substantial declines, with XRP down over 6% to $2.81, Solana down approximately 7% to $222.16, and BNB down nearly 5% to $1,026.59 [1] Liquidation Data - More than 407,000 traders faced liquidation within 24 hours, with over $1.7 billion in leveraged positions being cleared, predominantly from long positions, indicating a significant shift in market sentiment [3] - The total market capitalization of digital assets fell below $4 trillion as a result of the sell-off [3] Institutional Activity - Since August, institutional demand for cryptocurrency has surged, with companies accumulating Bitcoin and Ethereum, driving both to historical highs [4] - However, signs indicate that the momentum generated by Digital Asset Treasury Companies (DATCO) may be waning, as notable Bitcoin buyer Metaplanet's stock has dropped about 67% since mid-June [4] Metaplanet's Acquisition - Metaplanet announced a purchase of approximately $632 million for 5,419 Bitcoins, increasing its total holdings to 25,555 Bitcoins, valued at nearly $2.91 billion, with an average acquisition cost of $106,065 per Bitcoin [5] - The funding for this acquisition came from a $1.45 billion international stock issuance, enhancing Metaplanet's position among publicly listed companies holding Bitcoin [5] - Following this acquisition, Metaplanet ranks among the top five publicly traded companies in Bitcoin holdings, surpassing Bullish, and is on track to meet its ambitious targets for Bitcoin accumulation [5]