Crypto selling tied to Anthropic IPO and AI-stock selloff
BitMine chairman Tom Lee says margin calls from the AI and chip selloff, plus the upcoming Anthropic IPO, may be adding to crypto selling pressure. Traders note Bitcoin also fell sharply before SpaceX's IPO.
Confirmed
- Tom Lee says margin calls from the AI and chip selloff may add to crypto selling pressure
- Anthropic plans to raise up to $64B in its IPO next week
Not yet known
- Whether margin calls and the Anthropic IPO are driving crypto selling
- Unconfirmed: the exact date of the Anthropic IPO
- Whether the Bitcoin drawdowns before the SpaceX and Anthropic IPOs are linked to them
What we know
BitMine chairman Tom Lee said margin calls from the AI and semiconductor stock selloff, equity selling and post-hack fund returns may fuel crypto selling. Traders point out Bitcoin fell 19% in the 50 days before SpaceX's $75B IPO and is down 18% ahead of Anthropic's planned raise of up to $64B next week. Another trader says the Anthropic IPO is on the 19th and compares BTC's early-June drawdown.
Will Anthropic IPO by December 31, 2026?
Traders' bets on Polymarket, not a forecast by Global Eye 24. Polymarket · $2.1m traded · updated 08:28 UTC
What people are posting
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