POPA Recon🚨 [Weekly Briefing] SpaceX IPO Fund Black Hole and Bitcoin Defensive Battle of $60,000
🚨 [Weekly Briefing] SpaceX IPO Fund Black Hole and Bitcoin Defensive Battle of $60,000 Over the weekend, there was a sharp crash across the crypto market and other asset markets. Here's a summary of what caused the short-term shock and the key on-chain indicators we need to keep an eye on. • Macro bad news and big IPO raid: The Nasdaq (-5.2%) plunged as expectations for a rate cut retreated due to the announcement of strong U.S. employment indicators. In addition, the underlying cause of the crypto market's contraction is that the mega-tones event, SpaceX's IPO, has led to a huge liquidity s…
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