#加密市场观察 Big news lands! SpaceX included in the Nasdaq 100—crypto market poised for a major shift

A piece of news has just come in that is moving global capital markets. The Nasdaq exchange has officially announced that SpaceX (SPCXO), led by Musk, will be formally included in the Nasdaq 100 Index on July 7, 2026. This is not just a routine index adjustment. A vast number of passive index funds will be required to buy this new stock according to their holding rules, and the market’s capital allocation is set to undergo a major reshuffle—making it hard for the crypto market to stay unaffected. Traders familiar with the market know that Bitcoin is currently highly linked to the U.S. stock market’s tech giants, and their correlation has at one point surpassed 0.8. Once index rebalancing kicks off, a large number of ETFs, in order to free up funds to buy SpaceX, will cut back holdings of existing constituent stocks such as Apple and NVIDIA. The tech sector will face short-term pressure, which can easily lead crypto assets to weaken in tandem; in the short term, the market will most likely see a round of liquidity contraction.
Capital rerouting is the most direct near-term downside. Previously, quite a few institutions’ funds had already moved to position in SpaceX-related derivatives, pulling a substantial amount of incremental capital out of the crypto space. As a trillion-yuan-scale wave of passive buying comes in, more funds will flow back from the high-volatility crypto market to the broader U.S. stock market, disrupting the pace of this round of bounce in crypto prices.
However, the long-term logic is completely the opposite. SpaceX itself holds a large amount of Bitcoin, and Musk’s team continues to deeply develop Web3 and satellite network infrastructure. As this mega-cap stock enters the core components of the Nasdaq, traditional financial capital will further open the channel between U.S. stocks and the crypto space. Going forward, more pension funds and index capital will indirectly allocate to digital assets, providing long-term buying support for Bitcoin.
The early-July index rebalancing window will become the dividing line between near-term bulls and bears. Short-term traders need to be alert to correlated pullbacks triggered by volatility in U.S. stocks, while long-term holders may simply wait patiently for this round of capital reshuffling to finish. In the coming week, the Nasdaq’s capital flow direction will directly determine whether the crypto market can hold its current price level. $BTC ‌