News report ₿ Crypto 🌍 GLOBAL

Bitcoin Slips Below $67.5K as Market Liquidity Drains and MSCI Excludes MSTR

Bitcoin tests its 200-week moving average amid extreme market fear, while MSCI index exclusions for MicroStrategy and Metaplanet add significant selling pressure to crypto-linked equities.

📅 November 13, 2026 🕐 1 min read

4 assets impacted (Crypto, Stocks). Net bias: 0 Bullish, 4 Bearish, 0 Neutral. Strongest signal: BTC ↓ 7/10 (75% confidence).

📊 Affected Assets (4)

BTC

Bearish 🤖 75%

📅 Short-term 🌍 GLOBAL · Explicit

Bitcoin broke below $67.5K on 13 November, extending losses since 12 November to 9% after slipping under its 200-day moving average, with the $63-66K region flagged as the next target. Around $2 billion has left BlackRock's spot Bitcoin ETF over nine sessions and stablecoin supply shrank $14.2 billion in 30 days, draining liquidity. Against this, RSI is oversold and the 200-week MA touch has historically marked bear-market bottoms, which limits downside conviction.

Catalysts

▼ Break below the 200-day moving average and dip under $67.5K at 05:45 GMT on 13 November
▼ Around $2 billion of outflows from BlackRock's spot Bitcoin ETF since 30 October

Risk Factors

▲ Daily RSI is oversold below 30, raising rebound potential
▲ The price is testing the 200-week moving average, which marked bottoms in 2018 and 2020

MSTR

Bearish 🤖 70%

📅 Short-term 🌍 US · Explicit

MSCI will remove Strategy from the MSCI USA index under new criteria for companies effectively engaged in asset custody, which may force index funds to sell shares. JPMorgan had previously estimated potential sales at $2.8 billion in this scenario. Combined with the ongoing Bitcoin sell-off, this creates concrete forced-selling pressure on the stock.

Catalysts

▼ MSCI decision to exclude Strategy from the MSCI USA index over new asset-custody assessment criteria
▼ JPMorgan estimate of potential index-fund sales of Strategy shares at $2.8 billion

Risk Factors

▲ Timing of actual index-fund selling is not stated and depends on index rebalancing schedules
▲ A Bitcoin rebound could offset the negative sentiment, with the 200-week moving average a potential bottom

3350.T

Bearish 🤖 65%

📅 Short-term 🌍 JP · Explicit

MSCI will exclude Metaplanet from the MSCI Japan Small Cap index under the new asset-custody criteria, and the exclusion may force index funds to sell its shares. This comes as Bitcoin itself is in a six-week downtrend, adding pressure on a Bitcoin treasury stock. No sales value specific to Metaplanet is given, which limits the measurable impact.

Catalysts

▼ MSCI decision to exclude Metaplanet from the MSCI Japan Small Cap index

Risk Factors

▲ The article gives no figure for potential index-fund sales of Metaplanet shares
▲ A Bitcoin rebound toward the 200-week moving average could lift treasury stocks

CAN

Bearish 🤖 55%

📅 Short-term 🌍 US · Explicit

Canaan has not ruled out further sales of its crypto reserves, and its share price has already fallen 75% since the start of the year. Additional Bitcoin sales by a listed miner reinforce the broader deleveraging theme pressuring crypto-linked equities. The statement is open-ended rather than an announced sale, so the direct price effect is limited.

Catalysts

▼ Company statement that further sales of its crypto reserves are not ruled out

Risk Factors

▲ No specific sale has been announced; the share price has already fallen 75% since the start of the year, partly pricing in weakness

🧭 Full analysis of these assets

🎯 Key Takeaways

Bitcoin dipped below $67.5K on 13 November, with the $63–66K range identified as the next potential target.
BlackRock’s spot Bitcoin ETF has seen approximately $2 billion in outflows over nine trading sessions since 30 October.
Stablecoin supply contracted by $14.2 billion over 30 days, marking the fastest decline since June 2022.
MSCI will remove MicroStrategy and Metaplanet from its indices, with JPMorgan estimating potential sales of MicroStrategy shares at $2.8 billion.
Canaan shares have fallen 75% year-to-date, and the company has not ruled out further sales of its crypto reserves.

📝 Executive Summary

Bitcoin has fallen below $67.5K, testing its 200-week moving average as the crypto market cap dropped 5.3% to $2.32T. Liquidity is tightening, evidenced by $2 billion in outflows from BlackRock’s Bitcoin ETF and a $14.2 billion contraction in stablecoin supply over 30 days. Meanwhile, MSCI is removing MicroStrategy and Metaplanet from its indices, potentially triggering $2.8 billion in forced selling for MicroStrategy alone.

❓ FAQ

BTC · How far could Bitcoin fall from here?

The analysis flags the $63-66K region as the next downside target if stop-losses and ETF outflows accelerate the sell-off, while a move back above $73K would invalidate the bearish view.

BTC · Is now a good time to buy the dip?

The article cautions that an oversold RSI below 30 is not by itself a buy signal; it recommends waiting for a price rebound accompanied by RSI leaving oversold territory.

MSTR · Why is Strategy being removed from the MSCI index?

MSCI applied new assessment criteria for companies that are effectively engaged in asset custody, and Strategy is treated as a Bitcoin treasury company under these rules.

MSTR · How much selling pressure could this create?

JPMorgan had previously estimated potential sales of Strategy shares in such a scenario at $2.8 billion, as index funds tracking the index may be forced to sell.

3350.T · What happens to Metaplanet after the MSCI exclusion?

The exclusion may force index funds that track the MSCI Japan Small Cap index to sell their Metaplanet shares, adding selling pressure to the stock.

CAN · Is Canaan selling its Bitcoin holdings?

The company has not ruled out further sales of its crypto reserves, but no completed sale beyond the existing reserve sales is confirmed in this report.

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