🔷 $BTC : BTC below $66K: Is money lining up for Anthropic?
Today BTC fell below $66,000, its lowest level since August. It’s down more than 20% since the start of October. Xapo Bank CEO Seamus Rocca links this to Anthropic’s IPO.
1️⃣ The theory. Investors are selling liquid assets to fund the IPO: 825M shares at $70–78, valuing it at up to $64.4B, with demand roughly 6 times the offering. Trading (ANT) is expected to begin on November 19.
2️⃣ The comparison. Before SpaceX’s IPO, BTC lost 19% over 50 days; now it’s down 18%. Then it bottomed 18 days later and gained 28% over 100 days. Matt Cole (Strive): if the pattern repeats, BTC could reach $90,000 by the end of February.
3️⃣ The skeptics. They point to deleveraging in AI trades, short positions above the August peak, and ETF outflows: $185.4M on November 13.
Personally, I wouldn’t rush to blame the IPO: timing alone isn’t proof.
Is the IPO weighing on BTC, or is the market just weak? 👇
#CryptoRay #BTC
Today BTC fell below $66,000, its lowest level since August. It’s down more than 20% since the start of October. Xapo Bank CEO Seamus Rocca links this to Anthropic’s IPO.
1️⃣ The theory. Investors are selling liquid assets to fund the IPO: 825M shares at $70–78, valuing it at up to $64.4B, with demand roughly 6 times the offering. Trading (ANT) is expected to begin on November 19.
2️⃣ The comparison. Before SpaceX’s IPO, BTC lost 19% over 50 days; now it’s down 18%. Then it bottomed 18 days later and gained 28% over 100 days. Matt Cole (Strive): if the pattern repeats, BTC could reach $90,000 by the end of February.
3️⃣ The skeptics. They point to deleveraging in AI trades, short positions above the August peak, and ETF outflows: $185.4M on November 13.
Personally, I wouldn’t rush to blame the IPO: timing alone isn’t proof.
Is the IPO weighing on BTC, or is the market just weak? 👇
#CryptoRay #BTC
