According to CoinMeta, Coin Bureau mentioned that over the past two weeks, approximately $2.35 billion in funds have flowed out of Bitcoin ETF. Among these, Blackstone's IBIT led the redemptions, with redemptions occurring for 11 consecutive trading days, accounting for about 90% of the total redemptions in November. Many speculate that investors may be selling cryptocurrencies to fund the Anthropic of IPO. A similar situation occurred with SpaceX: Bitcoin fell 28% from its May high in the week before its listing, dropping to around $59,000, before rebounding by about 37%. If this pattern repeats, there could be more sell-offs around the time Anthropic starts trading on November 19th. However, Anthropic plans to offer up to 20% of IPO to retail investors, worth about $12.9 billion, which is a reduction from the 30% offered previously, and this could ease the sell-off pressure on Bitcoin. In addition, a $26 billion corporate placement is being funded by NVIDIA and companies like Google, and it does not compete with the same cash pool. The good news is that Bitcoin may be approaching a bottom and is waiting for a stronger rebound, but the Federal Reserve's interest rate decisions and the sell-off in tech stocks could still affect the market.