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via CoinDesk · By CoinDesk Staff

Are retail traders selling bitcoin to buy Elon Musk's SpaceX IPO?

BTC

BTC/USDT

$79,628.80

-1.62%

$79,628.80

-1.62%

(24s)

24h Volume

$17,372,842,313.04

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0019%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

CoinDesk Staff

(09:45 AM UTC)

1 min read

Verified byDavid Kim

0 comments

Exchange flows and stablecoin movements through this week's sell-off show no wall of money leaving crypto for cash. Exchanges such as Robinhood and Coinbase will not publicly reporting their figures until July.

Some online chatter seems to speculate that retail investors may be selling crypto to chase the biggest IPO ever.

The Elon Musk-owned rockets, satellite and AI company SpaceX is selling up…

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Source

CoinDesk Staff · CoinDesk

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