More likely that the new IPOs mark the market top then I major continuation. Plus the market likes to find a bottom before continuing higher expecially with IPOs which makes perfect sense after retail is giving the opportunity act as exit liquidity we need to find out if the underlying value was actually worth it.
As for Bitcoin bottom still not in and it will probably line up with bit110 and returning to the breakout of the initial ETF sales need to these soft new hands.