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VIPSpaceX's Mega IPO Is Coming: Will It Drain Liquidity From the Market?

1. A wave of mega IPOs is approaching U.S. Markets. SpaceX has already filed its S-1 and is expected to go public in the coming months at an estimated valuation of $1.5–2.0 trillion. According to Deutsche Bank, even the largest IPOs historically have had only a limited impact on overall market liquidity, with an estimated drag of around 1%. In fact, IPO waves have typically coincided with, rather than disrupted, bull markets. Meanwhile, the explosion during Blue Origin's New Glenn rocket test triggered a sharp selloff in pre-IPO space assets, sending Hyperliquid's SpaceX futures down 43% in just seven minutes and liquidating more than 400+ retail traders. By contrast, Bitget's Pre-IPO market is anchored by spot assets, allowing market makers to hedge between spot and derivatives markets, resulting in deeper liquidity and better protection against extreme price spikes and flash crashes. 2. Divergence in the stablecoin market continues to widen: Since March, USDGO has grown 547%, driven by strong demand for regulated stablecoins. In contrast, USDe has seen its market capitalization shrink 25.5%, reflecting weakening demand for algorithmic and yield-driven stablecoin structures. On Bitget, USDGO offers an attractive base yield while also serving as an eligible asset for IPO Prime subscriptions. 3. Quant strategies outperformed buy-and-hold in May: BTC declined 3.4% during the month, yet 18 of 22 quant strategies outperformed a buy-and-hold BTC position, generating an average alpha of 1.93%. The top performer was the OBV Divergence strategy, which delivered 7.41% alpha. Assets to watch: BTC, XLM, PSG (Champions League catalyst), HYPE (approaching all-time highs), AVGO (June 3 earnings), and Natural Gas (NG).