Bitcoin Sell-off Debate Tied to SpaceX IPO Demand, AI Listings, and 32 BTC Strategy Sale

Bitcoin’s sharp weekly drop has sparked a rotation debate, with some market participants arguing that liquid BTC positions are being sold to raise cash for SpaceX and possible IPOs from OpenAI and Anthropic. The discussion also highlights bitcoin ETF outflows and Strategy Inc.’s 32 BTC sale for about $2.5 million as factors that may have amplified liquidity pressure. SpaceX is described as seeking to raise up to $75 billion, with shares expected to price on June 11 and begin public trading on June 12.