Bitcoin Mirrors Pre-SpaceX Drop Ahead of Anthropic IPO, History Points to $90,000 by February

详细摘要

The price of Bitcoin has dropped by around 19% over the 50 days before the Nasdaq debut of Anthropic, and the decline is similar to the one that Bitcoin had ahead of the SpaceX…

The price of Bitcoin has dropped by around 19% over the 50 days before the Nasdaq debut of Anthropic, and the decline is similar to the one that Bitcoin had ahead of the SpaceX listing in June. At press time, Bitcoin is trading at $65,450, according to TradingView. Bitcoin fell below $70,000 on Nov. 13, and it dropped below $67,000 over the weekend.

Anthropic, the developer of the Claude AI models, is set to start trading on Nasdaq under the ticker ANT on Nov. 19. The AI company is offering 825 million shares at $70 to $78 each and aims to raise up to $64.4 billion in the IPO. At the top of the range, Anthropic would be valued at around $1.4 trillion, and the company has also arranged a $26 billion private placement.

SpaceX raised a record $75 billion in its IPO this summer, so the Anthropic listing is close to it in size. Before the SpaceX IPO, the price of Bitcoin also went down by around 19%.

Fundstrat managing partner Tom Lee called the current drawdown a temporary rotation of money into mega-IPOs, as investors sell liquid assets to buy shares in the largest offerings of the year.

After SpaceX started trading on Nasdaq, the price of Bitcoin kept falling for another 18 days. After that, Bitcoin went up, and 100 days after the IPO, it was 28% above its close on the day of the listing.

If Bitcoin repeats this pattern after the Anthropic IPO, it could reach $90,000 by the end of February 2027, according to Strive CEO Matt Cole.

Binance founder Changpeng Zhao shared the comparison of the two charts on X and called Cole's numbers "an interesting analysis." Still, some users in the replies under the post blamed the drop of Bitcoin on selling by Binance, not on the IPO calendar.

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