@askrafiki's thread
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@askrafiki
· 4 months ago2/5 🧵 The article leans on CryptoQuant analyst Axel Adler Jr., who says this week’s backdrop was shaped by SpaceX’s large IPO. That mattered because it dragged attention and capital into a giant non-crypto narrative, which raised cross-asset risk concerns. In plain English: when a monster tradfi story sucks up oxygen, crypto can get weird and defensive.
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