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$SPCX Worth only $30? The whale is less than $5 away from liquidation!
Brothers, SPCX is down nearly 30% from its post-IPO peak.
News:
Veteran investor Nobl warns that SPCX is only worth $30: the “artificial squeeze” created by circulating supply of less than 5% is about to reverse—insider shares will be released in batches, starting after the Q2 earnings report. Starlink is the only profitable business and can’t support the current valuation.
At the same time, a certain whale is long with 20x leverage at an average price of 153.68; it has an unrealized loss of over $150k, and its liquidation price is only $137.98—less than $5 away from the current price.
Technical analysis:
Resistance at 146-148, with heavier resistance at 150-153; support at 142-140—if it breaks, watch for 135.
Gongming’s view: With threefold pressure—unlocking expectations + the whale’s liquidation risk + a valuation bubble—it’s hard to say the market will stabilize in the short term.
Trading strategy: Conservative—wait for a rebound to around 146-148 to go short; aggressive—go short around the current price near 144.
The biggest IPO in history is taking shape as the biggest “exit-liquidity” trap.
#PreIPOs第二期OpenAI认购 #百万充值补贴