US stocks and Bitcoin are being crushed by three massive mountains ⚡️ First mountain: Anthropic's super IPO. Valuation between $1.8 trillion and $2 trillion, raising up to $100 billion, set to go public before Thanksgiving in November. SpaceX has already absorbed $75 billion, and OpenAI is still in line. The combined fundraising of these three companies could exceed $200 billion, while the total IPO fundraising for the entire US stock market in 2025 is only $45 billion. It's not just draining capital from the stock market, it's draining the liquidity of the entire US market. Second mountain: Oil prices. Trump said that after the midterm elections, he "might" ramp up bombing Iran. He rejected Iran's proposal to reopen the Strait of Hormuz, saying it was "not good enough." Brent crude oil is at $106. If oil prices don't come down, inflation won't come down. If inflation doesn't come down, rate hike expectations won't come down. And the December rate hike expectations are looming over Bitcoin. Third mountain: Trump might face impeachment after the midterms. Prediction market Polymarket shows that the probability of Trump being impeached before the end of his term once reached 64%. The probability of Democrats taking back the House is over 80%. What's the reason? Profiting from cryptocurrencies, out-of-control oil prices, and war profiteering. These three mountains are crushing one thing: Market liquidity. IPOs are draining liquidity, oil prices are driving up inflation and locking in rate hike expectations, and impeachment is causing market panic, suppressing risk appetite. For US stocks and Bitcoin, the question isn't whether they'll rise or not, but which of these three mountains will collapse first. So, for the remaining months of this year, Bitcoin might not have it easy! The bottom of a bull market needs repeated consolidation and shaking.