SpaceX $75B IPO Fuels Bitcoin Correction Fears via Liquidity Drain

Fresh analysis warns SpaceX's $75 billion IPO—plus OpenAI and Anthropic listings absorbing $240 billion—could siphon risk-on capital, slashing Bitcoin liquidity and igniting a correction akin to Coinbase's 2021 aftermath. Coverage kicked off April 24 with CoinDesk noting SpaceX's 8,285 BTC (~$600M) holdings, 30% retail allocation (~$22B), and Polymarket odds for a June debut at $2T market cap. By April 25, focus sharpened on BTC's $64,800 peak-to-$30,000 plunge precedent, crypto's $1.2T cap vulnerability, and hedging needs amid late-2025 IPO timelines.