Nasdaq 100 inclusion + whale cost lines are all above the current price—this sell-pressure structure looks like the bulls are still trapped, while the shorts have already cashed out. The short-term contest is quite delicate.

SPCX will be included in the Nasdaq 100 before the US stock market opens today, with a current price of approximately $156.2 and a 24-hour trading volume of about $290 million. Large order data shows a buy wall of around $4.96 million in short covering orders in the $135-155 range, and a sell wall of about $4.45 million in the $156.3-175 range. Whale cost basis indicates longs at approximately $164.59 and shorts at $169.68, both above the current price, meaning shorts are in profit while longs are trapped.