Changpeng Zhao posted on X on November 15, discussing possible reasons for the current downturn in the crypto market. He suggested that funds may be flowing into the upcoming Anthropic IPO, and that continued outflows from U.S. spot Bitcoin ETFs could also be contributing factors—spot Bitcoin ETFs saw net outflows of about $1.9 billion over the past seven trading days. Zhao also stressed that correlation does not imply causation, and that no one can be certain of the exact reason for the decline.
Bitcoin briefly fell to around $62,000 on November 15, its lowest level in three months. Anthropic is set to list on Nasdaq on November 19, with pricing scheduled for November 18.
$BTC $ETH
Bitcoin briefly fell to around $62,000 on November 15, its lowest level in three months. Anthropic is set to list on Nasdaq on November 19, with pricing scheduled for November 18.
$BTC $ETH
