Momentum Trades
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Bitcoin is dead again π
The users forgot to leave.
The network forgot to die π
Same mistake π€
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GM π
The crowd watches candles.
Miners watch cash flow π
Guess which one has survived every crash π€
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π¦πͺ Media outlets are spreading reports that the UAE has already sent the first tranche to Iran as part of the alleged U.S.βIran agreements.
However, the official position says otherwise π
The UAE Ministry of Foreign Affairs has publicly denied reports of any $3B transfer, calling the claims "false and unfounded." Officials also stated that no frozen Iranian funds have been released or transferred through the UAE.
At the same time, earlier reports citing anonymous sources claimed that the UAE could unlock billions of dollars in Iranian-linked funds and that an initial tranche had already been delivered.
So for now, we have a classic situation:
π° Media reports citing sources
π Official denials from the UAE
Until hard evidence appears, treat both the $3B transfer story and the broader settlement rumors with caution π
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The rainbow never changes π
Too expensive at $1K.
Too expensive at $10K.
Too expensive at $100K π
See you at $1M π€
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π SpaceX created thousands of millionaires
While everyone was focused on SpaceXβs valuation, thousands of employees received a much better surprise π
A welder earning $28/hour at SpaceX once received a stock package worth around $10,000. Today, those shares are worth nearly $1 million.
And itβs not just engineers.
Among the new millionaires are rocket recovery crews, factory workers, technicians, and employees from all kinds of departments.
One former SpaceX engineer reportedly holds shares worth around $28M today. There are hundreds of stories like that inside the company.
According to estimates, roughly 400 current and former SpaceX employees own stock packages worth more than $100M each π€―
In total, more than 4,400 current and former employees have become millionaires thanks to the companyβs growth.
Now thatβs the kind of project we shouldβve been farming π
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Here we are again π
Everyone wants the bull market.
Nobody wants to buy uncertainty π
That's why it pays π€
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Extreme Fear π
The market dumped first.
The crowd turned bearish second π
Nobody likes a discount π€
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π€ So what happened with the SpaceX IPO?
Unfortunately, xStocks failed to deliver the underlying shares, which means Bybit never received its allocation for the SpaceX IPO π€·ββοΈ
As a result, everyone got allocated exactly 0 SpaceX shares π
All funds have been refunded, though. Looks like they did the math and decided it wouldβve been way too profitable for participants π
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+1
GM π
π Remember, the IPO share distribution was scheduled for June 12 at 12:30 UTC+3... and they completely missed the deadline.
But donβt worry β according to the team, theyβre sorting out some technical details and allocations should be credited soon.
Keep an eye on your account. If the shares arrive, youβll probably want to act fast β theyβre already trading about 30% above the IPO price π
π Sign up on Bybit
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π What happens if SpaceX finally goes public?
Some analysts believe Elon Musk could become the world's first trillionaire.
Would you buy SpaceX on day one?
π - π
π - π
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π First public price target from an investment bank is out
Final IPO price set at $135 per share. Interesting.
Subscription window is officially closed, and trading on Nasdaq kicks off tomorrow π
3 001
If you think this correction is scary, just remember what happened 15 years ago π
On this day 15 years ago (June 11, 2011), BTC crashed from its monthly high near $30, sending the BitcoinTalk forum into full panic mode.
Just a week later, after the Mt. Gox hack, Bitcoin briefly traded for less than a single cent π
What weβre seeing today is nothing new. This movie has played out many times before.
For some perspective: yesterday alone, the gold market lost $1.1T in value β roughly the entire market cap of Bitcoin.
Personally, Iβm looking at accumulating later in the year, closer to late OctoberβNovember, not before π€
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GM π
USDT dominance keeps making new highs.
The crowd is still waiting for the perfect entry π
Cash is getting more bullish than crypto π€
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The market never disappoints π
Everyone wants altseason.
The market keeps giving them Bitcoin π
Right on schedule π€
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GM π
Bitcoin reserves on exchanges keep falling.
The crowd keeps waiting for cheaper Bitcoin π
Available supply keeps doing the opposite π€
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Some things never change π©
ETH/BTC keeps drifting lower.
Naturally, the "Ethereum is dead" takes are back π
Some narratives never get old π€
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GM βοΈ
π΅ Coinbase Premium for Bitcoin has almost fully recovered.
πͺ Looks like the biggest wave of BTC selling pressure may finally be behind us.
Buyers are gradually stepping back in, and Coinbase flows are starting to reflect that π
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Evening βοΈ
Bitcoin just triggered one of the biggest short squeezes in months π
Funny how people discover short positions after the dump, not before it π
The panic came first.
The shorts came second.
The liquidation came last π€
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π SpaceX IPO is now available on Bybit!
Bybit just launched a new format that lets users participate in major company offerings directly through crypto.
And the first project is one of the most anticipated private companies in the world: Elon Muskβs SpaceX π
Everything happens inside your Bybit account β submit your allocation request, wait for distribution, and receive tokens or a refund for any unused funds.
π Key dates:
β Subscription is already open and will run until June 11, 11:00 MSK.
After applying, your selected allocation amount (starting from 100 USDC) will be temporarily locked until distribution.
β Distribution takes place from June 11β12.
During this period, SpaceX tokens will be allocated to participants, while unused funds will be automatically refunded.
β Token delivery is scheduled for June 12, 15:30 MSK.
After that, the tokens can be traded on Bybit Spot once trading goes live.
How to participateβ
β’ Register on Bybit
β’ Log in and go to the IPO Express section
β’ Apply for the SpaceX offering, choose your allocation amount, and submit your request
β’ Wait for distribution, receive your tokens, and trade them once spot trading opens
π Check out the terms and consider participating while subscriptions are still open.
3 001
Different market. Same playbook π
More and more IPOs are launching with single-digit floats.
Sound familiar? π
Tiny float. Huge valuation. Limited supply.The only difference is that now the token comes with a suit and a ticker symbol π€
