According to @cas_abbe, roughly $100M in short positions were liquidated, triggering forced buying that is propelling a price pump as bears are squeezed, pointing to an ongoing short-squeeze dynamic. source: @cas_abbe on X, Jan 2, 2026 This implies volatility has returned to crypto derivatives markets, elevating liquidation risk for leveraged short sellers and favoring momentum-driven moves in the near term. source: @cas_abbe on X, Jan 2, 2026

According to @EricBalchunas, MicroStrategy (MSTR) meets S&P 500 inclusion criteria alongside 18 other names, with a decision expected soon, but the Index Committee may delay due to an already overweight sector and its history of holding back high-profile additions such as Tesla, source: Eric Balchunas on X, Sep 5, 2025. He states that if admitted to the SPX, MSTR would be the roughly 114th largest constituent and could trigger about 15 billion dollars of forced buying from index-tracking and passive funds, source: Eric Balchunas on X, Sep 5, 2025. Balchunas credits James for the underlying flow-sizing work, highlighting the index-rebalance mechanics traders monitor around S&P additions, source: Eric Balchunas on X, Sep 5, 2025. MicroStrategy holds significant Bitcoin and is widely treated as a BTC proxy by investors, making any SPX-related flows in MSTR relevant for crypto-exposed portfolios, source: MicroStrategy investor relations disclosures.