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

According to Mars Finance, on November 23, crypto KOL and former FTX community partner Benson Sun posted on social media that his quantitative long positions, which had been suspended after a $90,000 stop-loss, have just resumed. He has observed multiple bottoming signals and expects a wide-ranging supply-demand equilibrium range to form, a range suitable for quantitative strategies to trade in waves. Regarding the removal of MSTR from the index, he believes the market has already fully priced in this expectation—the current illogical plunge is essentially the same as being removed from the index. He is still holding his long positions with an average cost of $81,500 and will continue to hold them until overall liquidity depletes.