Opinion: Referring to Bitcoin's performance after Coinbase's IPO, the US stock market bull run may face a mid-term correction after SpaceX's IPO.

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Mars Finance reported on June 12th that, regarding the impact of SpaceX's IPO on the US stock market, analyst Alicharts cited the 2021 Coinbase IPO as an example, noting that Coinbase's IPO on April 14, 2021, followed by a sharp 50% correction in Bitcoin's surge from March 2020, prior to its debut. Today, the timing of the SPCX IPO coincides with the S&P 500's over 50% rise in the past year. Alicharts believes that with extreme hype priced in, history shows that a period of natural consolidation at the macro level and profit-taking across broader stock indices would be perfectly healthy.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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