Fear and Greed Index at 9, ETF outflows of $4.5 billion in the past four weeks, SpaceX is once again competing for liquidity—what else could this be if not adding insult to injury?

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CoinNetwork
Analyst warns that SpaceX IPO could impact Bitcoin capital inflows
Crypto industry news claims that SpaceX’s upcoming IPO may divert funds, putting pressure on Bitcoin and the crypto market. BTC is hovering around $61,750, down about 14% over the past week. Crypto market cap is down 1.1% to $2.2 trillion over 24 hours. Institutional demand has weakened: spot Bitcoin ETF net outflows totaled $168.8 million, bringing the four-week total to about $4.57 billion. The Fear & Greed Index has fallen to 9, with market sentiment remaining cautious. Analysts say that SpaceX’s IPO may siphon off funds that would otherwise flow into the crypto market.
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