MSCI's latest decision has stirred up the market—this index provider suddenly paused removing companies with over 50% digital asset holdings from its indices, resulting in MSTR's stock price jumping 6.58% after hours. It seems like good news, but the reality is much more complex.

The full story is as follows: three months ago, MSCI announced plans to clean up such companies. JPMorgan at the time estimated the consequences—MSTR alone could face $2.8 billion in passive selling pressure. If other major indices follow suit, the total selling pressure could reach $8 to $9 billion. Such an impact could seriously hit related coin prices. Now that the removal is temporarily halted, it does sound like a relief, but the key word is "temporary pause" rather than "exemption."

MSCI has explicitly stated that it will further study the classification standards, and future rules may become more stringent. This rebound is essentially a release of short-term panic emotions; do not interpret it as a signal of a long-term bull market. Blindly chasing high on related tokens and MSTR is the first trap to avoid.

The second, more practical risk: many retail investors see MSTR's rise and think the entire crypto market is about to take off, making them particularly susceptible to being fooled by air coins that promote "partnerships with DAT companies." The core logic of the market at this stage has not changed—MSCI's decision only delays passive selling pressure, it does not alter the fundamental supply and demand dynamics. Retail investors chasing small coins blindly often end up as the last bagholders.

Ultimately, this news is just a window for emotional adjustment; what is needed is calm analysis, not reckless celebration.