ChainCatcher report, according to TradingBeats (formerly Hyperinsight), SPCX continued its rebound today, trading at $114.69, up 5.5% in the last 24 hours and up 9.5% from its low. Since yesterday, seven seven-figure wallets have all established long positions in SPCX, collectively holding 238,800 tokens with a total position value of approximately $27.386 million, at a weighted average entry price of around $112, resulting in a combined unrealized profit of about $636,000. The wallet starting with 0xb37 contributed the largest position. This whale began accumulating SPCX early this morning through 83 trades, buying a total of 147,500 SPCX tokens for a total value of approximately $16.958 million at a weighted average price of $114.96. The whale currently holds a long position of approximately $16.918 million with 20x leverage, which is their only open position. As of this writing, this position is experiencing an unrealized loss of about $40,000 (-5.1%), accounting for 61.8% of the total long exposure across the seven wallets. The liquidation price is $105.43, just 8.1% below the current price and near last night’s low of $105; should the price retrace to last night’s low, this whale would be the first to face liquidation risk. On-chain records show that this address received 1.449 million USDC early yesterday, and began establishing its SPCX long position approximately 20 hours later. During today’s early accumulation phase, the source address transferred an additional 350,000 USDC to this wallet; the two recent transfers total approximately $1.799 million. This address first received approximately 1 million USDC on July 10 and began trading thereafter. Since then, it has traded 21 different assets spanning semiconductors, U.S. stock indices, crude oil, and cryptocurrencies, accumulating realized profits of approximately $572,000.
SPCX Rises 9.5% as Whale Adds $27.4M Long Position
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Summary
SPCX surged 9.5% from its recent low, trading at $114.69 with a 5.5% gain over the past 24 hours. Seven addresses holding million-dollar balances added long positions totaling 238,800 contracts, valued at $27.386 million, with an average entry price of $112. Address 0xb37, the largest contributor, opened 147,500 contracts worth $16.958 million using 20x leverage. The position size for this whale currently reflects a loss of $40,000 (-5.1%), with a liquidation price at $105.43. Position trading activity remains a key focus for short-term volatility.
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