SpaceX, OpenAI, Anthropic—if this wave of super IPOs truly pulls in funds, the first to feel the pressure is often not the US stock market itself, but rather $BTC and $ETH, which are more tightly linked to tech risk appetite. Institutions and high-net-worth investors shifting some positions to subscribe to new shares is quite normal; the issue is that once this switch occurs, buy-side liquidity in the crypto market usually thins out first. It may not immediately crash in the short term, but the marginal tightening of liquidity is already something to watch closely. $BTC $ETH


$OP $ENA
BTC-0.1%
ETH0.26%
OP3.7%
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