Benson Sun: Multiple bottoming signals have been observed, and the market has fully priced in the negative expectation of MSTR being removed from the index.

BlockBeats News, on November 23, crypto KOL and former FTX community partner Benson Sun posted on social media that his quantitative long positions had been paused since the stop loss at $90,000, and have just now been restarted.

He has observed multiple bottoming signals and expects a wide-ranging supply-demand balance zone to form here, which provides enough volatility for quantitative strategies to conduct swing trading. As for MSTR being removed from the index, he believes the market has already fully priced in this expectation—now, this kind of illogical sharp decline is essentially no different from already being removed from the index.

He is still holding his long positions with an average entry price of $81,500 and will continue to hold until overall liquidity dries up before exiting.