After the decision to include MSTR in the MSCI index was announced, $BTC reacted calmly — but this might be a big mistake by the market.

Here's the key point: the bearish expectations have already been priced in. The market has reflected the worst-case scenario. On the other hand, positive factors are almost ignored.

That's why it seems like "big news but no movement" — in reality, the movement will come, just that the market hasn't reacted yet. This kind of price lag usually triggers a follow-up rally later.

As one of the largest publicly traded companies with Bitcoin spot exposure, MSTR's inclusion by MSCI actually broadens the access for institutional investors. The long-term positive impact on the BTC ecosystem is obvious. The issue isn't the decision itself, but the mismatch in market pricing — pessimistic expectations are exhausted, optimistic expectations haven't started yet.

This kind of asymmetric market psychology is often the source of short-term volatility. Traders should now focus on: when will this expectation gap be filled? Usually, such institutional policy benefits have a delayed reaction cycle.