Bitcoin faced mounting downside pressure on November 12 as renewed expectations for Federal Reserve tightening coincided with Strategy’s planned removal from major MSCI indexes. The token traded at $73,563 on Binance’s USDT market at 5:50 p.m., down about 0.5% from a day earlier, while it changed hands near $71,900 on Upbit and the kimchi premium stood at 1.12%. Analysts identified the $73,000-$73,500 area as an important near-term support zone and said a durable trend reversal would require a move above $80,000, with recovery of the $76,000-$80,000 range needed to reduce the risk of further declines. U.S.-listed spot Bitcoin ETFs recorded $1.2817 billion of net outflows during November 2-6, while the supply of major stablecoins contracted by about $14.2 billion over 30 days, the fastest decline since June 2022. Hawkish comments from Christopher Waller, Lorie Logan and Michelle Bowman, alongside higher Treasury yields, revived speculation about a possible half-point Fed increase in December, although markets still regard a quarter-point move as the base case. MSCI’s decision to remove Strategy after the November 30 close could prompt passive-fund selling, though it does not directly imply Bitcoin sales by the company. Earlier reporting said Strategy shares fell 4% in after-market trading after MSCI classified the company more like an investment fund, and warned that the exclusion could trigger $2.8 billion in stock liquidations; Japan’s Metaplanet was also slated for removal. Ether, XRP, Cardano and BNB previously declined, while Solana gained.