Case solved! We’ve found the reason Bitcoin plunged—and it’s because of this! Will it fall further?

1. No more beating around the bush this time—let’s go straight to the chart. This crash was very likely caused by a massive liquidity drain ahead of Anthropic’s IPO! The amount drained was as much as $400 billion! Let’s take a look at the details:

2. According to the data disclosed so far, Ant plans to raise nearly $64.4 billion, while IPO subscriptions have already reached six times that amount—nearly $400 billion! Retail investors and institutions alike are rushing to subscribe to Ant’s IPO. Funds are being pulled from all sorts of places, and spare cash is being put into the IPO subscription, leaving virtually nothing to buy the dip in crypto! So the question is: will prices fall further?

3. The situation is likely to improve around Thursday, when Ant goes public. Ant is only raising a total of $65 billion, but subscriptions are currently six times oversubscribed. Once the subscription period ends, the more than $300 billion in funds that weren’t allocated shares will flow back into the market. At that point, market conditions may improve! Let’s look at a specific example:

4. As shown in the chart, the previous market crash like this happened during SPCX’s IPO subscription in June. Bitcoin also fell by 20,000 points, then began a slight rebound after the subscription period ended. It continued to fluctuate for two months before finally starting a massive rally!

5. So although market movements are never exactly the same, the SPCX case is worth keeping in mind. Let’s be patient during this period, and if you have money, buy some spot. The facts show that these are excellent opportunities to get in.

6. But don’t aggressively use leverage to buy the dip, because staying in the game is what matters most. As long as you don’t get shaken out, you’ll have a chance. For now, we just need to be patient and let time work in our favor. The big move will come. When it does, we’ll take back everything that belongs to us!