2026-06-13：The SpaceX Liquidity Vacuum: Mega-IPO Crowds Out Crypto as Tokenized TradFi Cannibalizes On-Chain Volume

A seventy-five billion dollar SpaceX IPO is pulling capital like gravity itself, and crypto may be the asset class paying the bill. But beneath the selling pressure, something stranger is unfolding: Bitcoin is testing its 200-week moving average without confirming a full cycle breakdown, Solana is becoming the weekend trading venue for tokenized SpaceX shares, and Ethena is moving two hundred fifty million dollars into tokenized AAA credit. Is this a bearish liquidity shock, or the moment traditional finance quietly starts moving on-chain? We break down the contradiction: institutional selling, missing capitulation, strong BTC and SOL technical signals, ENA’s extended but fascinating setup, and the risks hiding behind extreme fear with positive funding. Read the full report here: https://deepmarket.report/en/report/crypto/2026-06-13