SpaceX, OpenAI, and Anthropic are expected to raise over $240 billion through their IPOs, potentially impacting liquidity in the cryptocurrency market
According to market news, SpaceX is expected to go public in June, potentially surpassing Saudi Aramco's $29 billion fundraising record to become the largest IPO in history. Meanwhile, OpenAI and Anthropic also plan to go public in the second half of this year, with the three companies expected to collectively attract over $240 billion in funding, likely marking a significant turning point for liquidity changes in the cryptocurrency market.
Market analysis suggests that these super IPOs may significantly withdraw liquidity from risk assets, while the cryptocurrency market is in the same pool of funds. As mainstream cryptocurrencies like Bitcoin and Ethereum have been highly correlated with Nasdaq and U.S. stock market risk appetite in recent years, a large amount of capital shifting towards subscribing to tech giants' IPOs may weaken the buying support for BTC, ETH, and altcoins.