According to BlockBeats , on August 5th, the whale account starting with 0xb37 that had previously chased the rise of SPCX has cleared its positions and withdrawn from its account this morning. Currently, its holdings, pending orders, and account net value are all zero.
This address purchased a total of 229,600 SPCX units since early yesterday morning, with a transaction value of approximately US$27.064 million and a weighted average price of US$117.9. This morning, it sold all of them at an average price of US$114.8, realizing a loss of approximately US$708,000.
SPCX is currently trading at $112.39, down 3.52% in the last 24 hours, with a trading volume of approximately $874 million and open interest of approximately $174 million. There are currently millions of dollars in orders placed by addresses at both ends of the order book, totaling approximately $24.278 million.
The first support zone below is located between $100 and $106.1. The largest pending order address, starting with 0xf929, placed 5 "only reducing positions" buy orders, planning to cover 50,000 SPCX units, with a notional amount of approximately $5.136 million. This support mainly comes from short sellers taking profits, not from new long positions.
At even lower levels, from $83.8 to $96.2, clear buying activity emerged. An address starting with 0xda1d posted two buy orders that were not merely "reducing positions," indicating a plan to open 50,000 new long positions in SPCX, with a notional amount of approximately $4.39 million.
There are approximately $10.761 million worth of whale sell orders concentrated between $133.5 and $153, of which approximately $7.617 million are long positions taking profits and approximately $3.144 million are planned to be added to short positions; there are also approximately $2.732 million of short positions placed at the higher range of $155.4 to $180.