Nearly $700 billion in market value has been wiped out in just one week from $SPCX
$SPCX has been hammered, falling almost 47% from its all-time high as investors reassess valuations and brace for a potential increase in share supply.
What looked unstoppable just days ago is now facing intense selling pressure.
The sharp decline is a reminder that when valuations run too far, too fast, even the strongest narratives can experience brutal corrections.
From market darling to major pullback in a matter of days.
That's how quickly sentiment can change on Wall Street.
🚨Alert: Bhutan has transferred $34.61 million worth of Bitcoin ( $BTC ) to Binance, including $18.26 million from wallets linked to the country's sovereign holdings.
Following the move, Bhutan's Bitcoin reserves stand at approximately $113.69 million.
The Royal Government of Bhutan also deposited another $34 million in $BTC to Binance today.
More selling pressure appears to be hitting the market.
Is Bhutan preparing to offload the remainder of its Bitcoin holdings?