SpaceX drops for three consecutive days, with a single-day plunge of 16.4% on Monday, wiping out $600 billion in market value and falling back to a $150 opening price. This judgment is quite straightforward: those who want to buy have already bought, and more importantly, the selling pressure has not truly arrived yet. This round of price increase and distribution only used 5% of the circulating supply, and insiders could sell up to 44% of the shares by early September.

The opening was a loud bang. SpaceX went public on June 12, opening at $150, well above the $135 issue price. Within two days, aggressive traders started frantically buying the $380 call options that expired in two days, aiming to push the stock price to the sky and create a gamma squeeze (a gamma squeeze, where market makers are forced to buy shares to push up the price).