「Whale Discovery」: SPCX Bounces 9.5%, Large Address Opens $27.4 Million Long Position in One Day

August 4th, according to TradingBeats (formerly Hyperinsight) monitoring, SPCX continued its rebound today, currently trading at $114.69, up 5.5% in the past 24 hours, with a 9.5% rebound from the low.

From yesterday to today, seven million-dollar-level addresses all opened SPCX long positions, currently holding a total of 238,800 tokens, with a position value of approximately $27.386 million. The weighted average entry price is around $112.0, with a total unrealized gain of about $636,000.

Among them, the address starting with 0xb37 made the largest opening. The whale made a total of 83 transactions early this morning to buy 147,500 SPCX tokens, with a transaction volume of around $169.58 million and a weighted average price of approximately $114.96. Currently, they are holding a long position of around $169.18 million with 20x leverage, their only current position.

As of the time of writing, this position has an unrealized loss of about $40,000 (-5.1%), accounting for 61.8% of the total long positions in the seven addresses mentioned above. Their liquidation price is $105.43, only about 8.1% below the current price, close to SPCX's low of $105 last night. If the price falls back to last night's low, the whale will be the first to face liquidation risk.

On-chain data shows that this address received 1,449,000 USDC yesterday morning and started opening SPCX long positions about 20 hours later. During this morning's opening position, the source address topped up the account with another 350,000 USDC; the two recent deposits totaled around $1.799 million.

This address first received around 1 million USDC on July 10th and began trading. Since then, they have traded 21 assets, covering semiconductors, US stock indices, crude oil, and cryptocurrencies, with a total realized profit of approximately $572,000.