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BTCUSD Dives as Massive SpaceX IPO Liquidity Drain Hits Crypto Market

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The Story

News Summary

  • The upcoming SpaceX (SPCX) IPO is expected to drain market liquidity as investors rotate capital from digital assets into high-growth aerospace and AI-linked stocks.
  • Retail FOMO and institutional portfolio rebalancing pose significant short-term selling pressure for Bitcoin ahead of the June 12 debut.
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BTCUSD price history

75831.55 +15.35% over the displayed period

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