SpaceX is getting hit before the unlock even opens. That is the part traders should care about most, because an 11% slide ahead of 911.5 million shares becoming sale-eligible is not normal noise. It is the market telling you supply is coming and nobody wants to stand in front of it. This is exactly how sentiment breaks. First the stock loses momentum, then the lockup becomes the excuse, then everyone with gains tries to get out ahead of everyone else. When a story stock starts behaving like this, it usually drags the whole risk complex with it. That is why the crypto angle matters. If money is truly rotating out of the SpaceX trade, BTC should feel it only if buyers choose it as the next risk home. If not, the cash just de-risks and sits out. No clean rotation, just less appetite. For traders, the key watch now is simple: does SpaceX keep bleeding after the unlock, and can Bitcoin hold firm while that happens. If BTC stays resilient while SpaceX sells off, that is the cleaner signal of rotation. If both fade together, this is a liquidity reset, not a crypto bid. $BTC