Trader Ouyang Zhaibai remains bullish on the storage sector and suggests buying on dips.

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On-chain trading signals indicate that Ouyang Zhaibai remains bullish on the storage sector, suggesting that pullbacks present buying opportunities. He noted that SPCX is not bullish due to a large unlock of 900 million shares today, with another 900 million expected over the next three months. Short interest currently stands at 300 million shares. A short-term rapid price increase could make shorting a viable medium-term strategy. The overall bullish trend in the sector remains intact despite near-term risks.

Huo Xing Finance reports that on August 6, renowned trader Ouyang Zhai Bai stated that he remains bullish on the storage sector in the medium to long term and tends to buy on dips. Regarding SPCX, rather than being "not bearish," the current priority should be to adopt a "not bullish" stance, primarily due to a large volume of shares set to unlock. Currently, approximately 300 million shares of SPCX are actively shorted, while around 900 million shares are set to unlock today. Over the next three months, an additional 900 million shares will be unlocked in tranches, leading him to believe that SPCX’s upside potential is constrained. A more appropriate medium-term strategy would be to consider establishing short positions if SPCX experiences a rapid short-term rally.

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