SpaceX's IPO documents quietly contain 18,712 Bitcoin.

$1.29 billion, Elon Musk's allocation. In the same week, IG expanded crypto trading across Europe, and the Federal Reserve finally agreed to open main accounts for crypto companies.
On the news front, institutional players haven't stopped their steps.
But what about the price? Bitcoin is in a very awkward position, unable to rally or drop sharply.
ETF funds are retreating, Coinbase's buying volume is shrinking.
I once tried to bottom fish, with the logic that "institutions are entering, so it won't fall too deep."
The result was a drop to my stop-loss.
Later, I realized. Institutional money comes in year after year, not in a single bullish candle.
There's a huge time gap between news and price.
Seeing SpaceX holding coins and going long is like betting against time.
You bet the market should rise today, but institutions don't care about today at all.
Now IG is in, SpaceX has disclosed holdings, and the Fed has loosened up.
These things won't make Bitcoin skyrocket to ten thousand dollars tomorrow.
But three years from now, who will still be at the table? They’re looking at today’s events.