💥Brothers!

Something big has happened!!

This time, it's really a major event!!!

SpaceX's market value has surpassed the entire crypto market😰😰😰!

Brothers, I just saw a data point that completely stunned me!

On June 16th, SpaceX surged 19.6% on its second trading day on NASDAQ, with a market cap exceeding $2.5 trillion. What does that mean? It surpasses the total market cap of the entire crypto market (about $2.34 trillion)!

One company has crushed the entire industry. Who would have dared to imagine this a year ago?

🔥$SPCX ‌ How crazy is it?

SPCX perpetual contracts have taken off in the past two days—24-hour high reached 228.41, low was 167.67, with a volatility of over 36%! RSI6 hit 95.70, seriously overbought.

But interestingly, the 1-hour RSI6 has already fallen back to the 59-65 range, with short-term battles around 213. Bollinger upper band at 216.26 creates resistance, lower band at 209.72 is support.

This level is risky for chasing highs, but the rebound after stabilization is worth watching.

📊What are Bitcoin and Ethereum doing?

$BTC ‌ Latest at 66,124, down 0.25% in 24 hours after Japan's rate hike, with highs and lows at 67,283/65,471. The 1-hour MACD shows a bullish crossover, with the BOLL middle band at 65,998 being a key short-term level.

$ETH ‌ Slightly weaker, with ETH at 1,764, down 1.72%, highs and lows at 1,848/1,711. The 1-hour MACD also shows a golden cross, but with less strength than BTC.

The overall market is waiting for direction, and SPCX's capital attraction effect is clearly draining liquidity from altcoins.

🚀The real heavy hitter is here

Don’t just look at the surface! SpaceX’s S-1 filing disclosed holding 18,712 BTC, with an average cost of about $35,320. At current prices, that’s worth roughly $1.18 billion, making it the eighth-largest publicly listed Bitcoin holder in the world.

Adding Tesla’s holdings, the two together hold 30,221 BTC, ranking in the top five among global listed companies.

What does this mean?

After SpaceX goes public, traditional investors buying SPCX stock are indirectly gaining exposure to Bitcoin. A company with a $2.5 trillion market cap holding Bitcoin on its balance sheet—this is one of the strongest institutional endorsements in Bitcoin’s history.

Elon Musk’s net worth has surpassed $1.11 trillion. If players of this level decide to allocate more BTC, just imagine the possibilities.

💎A few final words

The market is always changing, but one thing remains constant—institutional recognition of Bitcoin is accelerating. SpaceX is not the first, and certainly not the last, giant to put Bitcoin on its balance sheet.

Follow me for the most authentic market insights every day. Comment below: Do you think SpaceX’s move will push Bitcoin to where? 👇
#我的Gate交易时刻 #SpaceX跻身全球资产排名第八