Bitcoin Coalition Urges Rejection of MSCI Proposal Over Fairness Issues in Indexing
Industry Challenge to MSCI Proposal: Bitcoin For Corporations (BFC) has formally challenged MSCI's proposed exclusion of companies with over 50% digital assets from its Global Investable Market Indexes, arguing that it undermines the operational realities of businesses.
Structural Flaws Identified: BFC highlights three main flaws in MSCI's proposal: redefining a company's primary business based on asset composition, unfairly singling out digital assets, and creating instability in index membership due to the volatility of digital asset prices.
Consequences for Public Companies: The proposed changes could lead to artificial reclassification risks, passive fund outflows, increased capital costs, and volatility driven by external price signals rather than actual business performance.
Formal Requests Made: BFC is requesting MSCI to withdraw the proposed exclusion, maintain an operations-based definition of primary business, ensure asset-class neutrality, and engage with market participants for a more balanced classification framework.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0503 | 0.0896 | 0.13 | 0.169 | 0.209 | 0.248 | 0.288 |
| Fibonacci | 0.0896 | 0.12 | 0.139 | 0.169 | 0.199 | 0.218 | 0.248 |
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