Anndy Lian: Bitcoin falls to $62,000 as investors seek cash for Anthropic IPO

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11 min ago

Anndy Lian: Bitcoin falls to $62,000 as investors seek cash for Anthropic IPO — Bitcoin drops as Anthropic IPO nears

Bitcoin declined to $62,000 as investors sold liquid assets such as BTC ahead of the highly anticipated Anthropic IPO, which Anndy Lian highlighted is approximately six times oversubscribed.

Anndy Lian added that the move coincides with billions in spot Bitcoin ETF outflows and hotter inflation data.

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In previous commentary, Anndy Lian highlighted Bitcoin's strong 95% correlation with the S&P 500 as the asset approached $82,829. He also questioned whether the upcoming Federal Reserve meeting might disrupt Bitcoin's path toward an $84,000 target. These earlier observations add context to current moves ahead of the Anthropic IPO.

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