$SPX just cleared 7,800 for the first time, while Shiller CAPE hit 42—the priciest market since the dot-com era. In ~8 weeks, Anthropic and OpenAI could bring $120B+ of IPO supply, while SpaceX already pulled $75B. IPOs redirect capital, so funds may sell $SPX to fund new names. That’s nearly $200B of supply in 7 months. My mid-term $SPX target: 6,300 (~20% flush). I called the 2025 $BTC ATH and $60K drop. The next call matters more. #Bitcoin #Stocks #IPO #Crypto