Bitcoin: CZ Highlights Anthropic IPO Parallel
CZ_binance amplified Matt Cole's analysis showing Bitcoin down 18% ahead of Anthropic's planned $64B IPO, mirroring the 19% drop before SpaceX's $75B listing with recovery projected toward $90k by late February.
SourceAnalysis
CZ_binance amplified Matt Cole's comparison of Bitcoin's price action before major IPOs. Bitcoin dropped 19% in the 50 days before SpaceX raised $75B on June 12 and sits 18% lower ahead of Anthropic's planned $64B listing next week.
Post-SpaceX listing, Bitcoin bottomed at day +18 down 25%, then rallied sharply after day +70 to finish day +100 up 3.7% from the IPO close. The pattern suggests selling pressure peaks into the event, with the low often set near listing day.
Bitcoin trades at $63487.07 on the 4h chart inside a bearish structure defined by the EMA50 at $72028.31 and EMA200 at $77573.54. RSI at 15.27 signals deep oversold conditions while MACD at -2346.28 confirms the death cross; price sits just above the lower Bollinger band at $63313.99, indicating volatility exhaustion that could support a quick reversal if the historical IPO recovery template repeats.
CZ_BNB
@cz_binanceFounder and former CEO of Binance, the world's largest cryptocurrency exchange. Shares insights on cryptocurrency adoption, blockchain technology development, and personal perspectives on building in the Web3 space, while navigating regulatory challenges and industry evolution.