Michaël van de Poppe, founder of MN Trading and a market analyst, stated on X on Saturday, November 14, 2026, that current market movements for Bitcoin and other cryptocurrencies mirror patterns seen before past major IPOs. He observed, "It's the same price action as prior to the SpaceX IPO. The week before, liquidity is sucked out of risk assets, in particular #Bitcoin and #Crypto. Just around the IPO, liquidity will flow back in. That's why I've been stacking more Bitcoin in these dips. Not buying altcoins additionally, yet, but I'm looking to do that once we get more certainty of a bottom."
This analysis comes as Bitcoin momentum has turned red, with the $60,000 support level under pressure. Recent Gokhshtein Media coverage noted Bitcoin ETFs posted $1.07 billion in weekly outflows, indicating institutional sellers locking in gains. Separately, Twenty One Capital reported a $1.087 billion Q3 profit, boosted by its Bitcoin holdings. The Crypto Fear & Greed Index currently sits at 13, signaling extreme fear in the market.
Van de Poppe's view implies that the current dip in Bitcoin and other risk assets is a temporary phenomenon tied to a specific financial event. He suggests that investors might anticipate a rebound in liquidity and prices once the SpaceX IPO concludes. His personal strategy of accumulating Bitcoin during these dips, while holding off on altcoins, indicates a belief that a market bottom may be forming, paving the way for renewed capital inflow into digital assets.
