SPCX Whale Who Chased the Pump Acknowledges a $700,000 Loss and Exits, Revealing $24 Million Whale Sell Order

August 5th, according to TradingBeats (formerly Hyperinsight) monitoring, the whale with address starting with 0xb37, who had been chasing the price of SPCX, liquidated their entire position this morning and withdrew from the account. Currently, the holdings, orders, and account net value are all reset to zero.

Since early yesterday morning, this address had accumulated 229,600 SPCX, with a total transaction amount of approximately $27.064 million, at a weighted average price of $117.9 per SPCX. They sold all their holdings this morning at an average price of $114.8, resulting in a loss of approximately $708,000.

SPCX is currently trading at $112.39, down 3.52% in the past 24 hours, with a trading volume of approximately $874 million and open interest value of about $174 million. Million-dollar level addresses have placed orders totaling around $24.278 million at both ends.

The first major support area is located between $100 and $106.1. The largest order book address starting with 0xf929 has placed 5 "reduce-only" buy orders, intending to buy back 50,000 SPCX, with a notional amount of around $5.136 million. This support mainly comes from short positions taking profit and does not indicate new long positions.

Clear long positions have emerged between $83.8 and $96.2, with additional funding. An address starting with 0xda1d has placed two non "reduce-only" buy orders, planning to open a new long position of 50,000 SPCX with a notional amount of around $4.39 million.

On the upside, whale sell orders totaling around $10.761 million are concentrated between $133.5 and $153, with approximately $7.617 million for long liquidation and about $3.144 million for new short positions. There is an additional $2.732 million in short positions between $155.4 and $180.