SpaceX's $1.45 Billion Bitcoin Holdings Spark Bullish Sentiment

SpaceX's recent IPO filing has sent shockwaves through the cryptocurrency market, revealing that the company holds nearly 19,000 Bitcoin worth around $1.45 billion.

The news has been seen as a bullish signal for the market, with many experts predicting that Bitcoin could reach new heights in the near future.

According to CoinGlass data, Open Interest in Bitcoin futures has risen by 0.55% in the last 24 hours, indicating fresh money entering the market.

The MVRV ratio, which measures the average price paid for Bitcoin, has also slipped below its 180-day simple moving average, suggesting that BTC is currently priced at a discount.