$250 billion frenzy to buy SpaceX, is your Bitcoin being drained?

Don't rush to look at Mars first, check your own account.

On June 12th, Nasdaq hosted the largest IPO in history—SpaceX, ticker SPCX.

Offering price $135, raising $75 billion, breaking the record of Saudi Aramco.

But this is just the tip of the iceberg.

What is the total demand? $250 billion. Nearly 4 times oversubscribed.

BlackRock alone committed $5 billion. Retail investors are even crazier—subscription surpassing $100 billion, with a minimum of $2,000 to get in, and 30% of the shares reserved for ordinary people.

In one night, everyone is asking: how to buy SPCX?

—What does this mean for crypto players?

Two scenarios, you choose one.

Scenario A: Funds diverted, BTC losing blood.

$250 billion in real money locked in SpaceX's IPO. Where does this money come from? US stock accounts, bank savings... and your exchange balance.

Think about it, in the past month, how many people sold ETH, sold SOL just to meet the $2,000 threshold to grab SpaceX retail quotas?

Don’t deny it. Someone around you is definitely doing this.

“Elon Musk, once the king of crypto hype, has become a cash drain for the crypto world.”

Scenario B: Risk appetite rebounds, crypto follows the tide.

SpaceX successfully goes public, valuation at $1.75 trillion, likely to surge on the first day (target price $165). This will energize the entire risk asset market—tech stocks, space concept stocks, even cryptocurrencies.

Virgin Galactic and other space stocks already up over 20% on the same day, sentiment has already spread.

If SPCX doubles on the first day, will those retail investors who made money take 10% profits and buy Bitcoin?

Yes. Human nature is like that.

So, which scenario will win?

Here’s my answer:

Short-term diversion, long-term resonance. But “short-term” might be enough for you to take a shot.

Why?

Because the retail participation in this round of SpaceX IPO is unprecedented—30% share, minimum $2,000. This means a large amount of small funds are being drained from all corners.

And the main incremental funds in the crypto market are precisely these small retail investors.

Have you noticed that recently, the inflow of USDT into exchanges has slowed? Contract positions are decreasing?

It’s not a illusion. Money is moving into new listings.

“Before, Elon Musk’s tweet would make Dogecoin jump 20%. Now, Elon Musk posts a stock, and the entire crypto market drops 10%.”

But don’t despair. Once SPCX’s listing dust settles (about one to two weeks), those who didn’t get allocated or sold their allocations will look for new exits.

By then, the crypto market might be the first stop.

So, what should you do now?

Two suggestions:

If you hold positions, don’t rush to cut losses. The blood drain from SPCX will last at most until the first week of trading. After that, risk appetite rebound will save you.

If you want to buy the dip, wait a little longer. Wait until the first-day frenzy of SPCX ends and see how quickly funds flow back. The earliest next week, the latest by the end of the month.

“Elon Musk finally sold his rockets to Wall Street. And your Bitcoin is just paying for the fuel.” #我的Gate交易时刻 #美国5月CPI创三年新高 #美伊冲突升级 $BTC $ETH $SOL