SpaceX Dumping Bitcoin? Rumors Send BTC Under $90K – Here’s the Truth
Panic on X: “SpaceX just moved $200M+ in BTC → Elon is selling!”
BTC instantly dumps below $90,000.
But let’s look at the actual data (Arkham + on-chain):
- SpaceX moved ~2,246 BTC in the last 24h
- Still holds over 5,000+ BTC (~$450M)
- NONE of the receiving wallets are linked to Binance, Coinbase, or known OTC desks yet
- Most transfers point to multi-sig upgrades or cold storage rotation
Translation: Classic corporate wallet housekeeping.
Zero confirmed selling so far.
So why did BTC really drop?
- Massive US spot ETF outflows
- Fear of prolonged high rates + BoJ hike rumors
- Broader risk-off across markets
Bottom line:
SpaceX shuffling coins ≠ SpaceX dumping coins.
FUD is moving faster than facts again.
Stay calm, zoom out, and don’t get rekt by rumors.
Who’s still holding strong? Drop a 🚀 below.
