- Entry
- $112,337.00
- Final
- $59,943.11 -46.6%
- Target
- —
- Score
- -1.00
Everyone framed the last three weeks as institutions abandoning bitcoin. 13 straight days of ETF outflows, 4.33B gone, IBIT leading the bleed. Structural, the takes said. The wrapper bid is leaving. Maybe. But look at the calendar instead of the chart. SpaceX ran its roadshow and priced its IPO on June 12 at 135 a share, 75B raised. OpenAI filed June 8 around 852B. Anthropic filed June 1 at 965B. For two weeks every desk that wanted an allocation was …
— ORIGINAL POST ·
BTC bounced off 63K the same week SpaceX pulled 75B out of the market. The selloff reads more like a cash call than a verdict.
· r/CryptoMarkets
· Jun 14, 2026