{"id":98291,"date":"2026-06-04T11:18:07","date_gmt":"2026-06-04T11:18:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=98291"},"modified":"2026-06-04T11:18:07","modified_gmt":"2026-06-04T11:18:07","slug":"bitcoin-crashes-as-space-stocks-soar-is-spacexs-ipo-pulling-capital-away-from-crypto","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=98291","title":{"rendered":"Bitcoin Crashes As Space Stocks Soar: Is SpaceX&#8217;s IPO Pulling Capital Away From Crypto?"},"content":{"rendered":"<div>\n<p>Macro strategist <strong>Callum Thomas<\/strong> shared a chart-based observation on Wednesday, highlighting how a sudden rally in space stocks aligned with <strong>Bitcoin\u2019s <\/strong><a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) decline.<\/p>\n<h2 class=\"wp-block-heading\">Crypto Bros Channeling Liquidity To Space Stocks?<\/h2>\n<p>Thomas, the head of research and founder of <strong>Top Down Charts<\/strong>, replied to an X post asking whether cryptocurrency investors might be selling Bitcoin to buy AI, semiconductor and space stocks <a href=\"https:\/\/www.benzinga.com\/markets\/private-markets\/26\/06\/52961203\/elon-musk-spacex-75-billion-555-million-shares-at-135-share\">ahead of <strong>SpaceX\u2019s<\/strong> IPO<\/a>.<\/p>\n<p>\u201cSort of looks like that\u2013 the recent pop in space stocks (linked to SpaceX IPO) took place just as Bitcoin rolled over,\u201d Thomas said, pointing to the chart.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">sort of looks like that \u2013the recent pop in space stocks (linked to SpaceX IPO) took place just as bitcoin rolled over <a href=\"https:\/\/t.co\/lAhzzW8lza\">pic.twitter.com\/lAhzzW8lza<\/a><\/p>\n<p>\u2014 Callum Thomas (@Callum_Thomas) <a href=\"https:\/\/x.com\/Callum_Thomas\/status\/2062368135337099523?ref_src=twsrc%5Etfw\">June 4, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p>\n<\/figure>\n<p>Comparing Bitcoin&#8217;s monthly returns with those of major space-related firms and ETFs showed a similar trend.<\/p>\n<p><figure class=\"wp-block-table\"><\/p>\n<table class=\"has-fixed-layout\">\n<thead>\n<tr>\n<th>Asset<\/th>\n<th>1-Month Gains +\/-<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Bitcoin<\/strong><\/td>\n<td>-21.23%<\/td>\n<\/tr>\n<tr>\n<td><strong>Rocket Lab Corp.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/RKLB\">RKLB<\/a>)<br \/><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n<td>-42.82%<\/td>\n<\/tr>\n<tr>\n<td><strong>Firefly Aerospace Inc. <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/FLY\">FLY<\/a>)<strong>\u00a0\u00a0\u00a0<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>\u00a0\u00a0\u00a0<\/strong><\/td>\n<td>+19.21%<\/td>\n<\/tr>\n<tr>\n<td><strong>Intuitive Machines Inc.<\/strong>\u00a0(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/LUNR\">LUNR<\/a>)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>\u00a0\u00a0\u00a0<\/strong><\/td>\n<td>+33.45%<\/td>\n<\/tr>\n<tr>\n<td><strong>Tema Space Innovators ETF<\/strong>\u00a0(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/NASA\">NASA<\/a>)<\/td>\n<td>+20.29%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h2 class=\"wp-block-heading\">\u2018Exit Liquidity Rotation\u2019<\/h2>\n<p>Financial analyst <strong>Thierry Borgeat<\/strong> argued that roughly $350 billion in &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/06\/52994899\/bitcoin-crashes-as-space-stocks-soar-is-spacexs-ipo-pulling-capital-away-from-crypto?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" crashes as space stocks soar: is spacex ipo pulling capital away from crypto>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Macro strategist Callum Thomas shared a chart-based observation on Wednesday, highlighting how a sudden rally in space stocks aligned with Bitcoin\u2019s (CRYPTO: BTC) decline. Crypto Bros Channeling Liquidity To Space Stocks? Thomas, the head of research and founder of Top Down Charts, replied to an X post asking whether cryptocurrency investors might be selling Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-98291","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98291"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98291\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}