Are Whales Selling Bitcoin For The Anthropic IPO? The SpaceX Playbook Hints A Bottom Is Near

Bitcoin is bleeding ahead of the biggest AI listing in history. But if the market follows the script it wrote just five months ago, the selling could soon run out of fuel. BTC dropped below $67,000 this week, its weakest level since August, as investors pulled money from spot ETFs ahead of the Anthropic IPO. Anthropic is set to price its shares on Nov. 18 and begin trading on Nasdaq on Nov. 19. The big question on crypto is simple: are whales selling bitcoin to buy into the Anthropic IPO? The data offers some clues. $2.35 Billion Leaves Bitcoin ETFs In Two Weeks According to figures circulating widely on X, about $2.35 billion has flowed out of US spot Bitcoin ETFs over the past two weeks.

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