SPACE X IPO EFFECT?
Several market analysts believe Bitcoin and crypto may be facing short term pressure as investors free up capital ahead of SpaceX's highly anticipated IPO.
The offering aims to raise $75 billion, and some traders argue that funds are being rotated out of existing assets including crypto, to participate.
Meanwhile, crypto markets are already pricing in strong demand:
📈 SpaceX perpetual contracts trade around $155 vs. the $135 IPO price
📊 Open interest exceeds $385M
💰 Trading volume has surpassed $2.7B
With demand surging across both traditional and crypto markets, SpaceX could become one of the biggest liquidity events of the year.
Will capital return to Bitcoin after the IPO, or is this just the beginning of a larger rotation? 👀