October 10 Market Crash Impact: MSCI’s Proposal and Bitcoin’s Struggle

On October 10th, there was a significant event when MSCI, a renowned index provider, quietly suggested reclassifying Digital Asset Treasury companies (DATs) such as MicroStrategy as fund-like entities. This proposal poses a threat to their inclusion in major equity benchmarks. Analysts have raised concerns that this move could lead to billions of dollars in forced passive outflows by February 2026. Such a development could structurally weaken a significant buyer of Bitcoin, resulting in the market's sustained fragility following the crash triggered by liquidation in October.