【Giant Whale Alert】Smart money opened a short position in SPCX early and is already up 327%; the first unlock window may open in about 20+ days

BlockBeats report: On July 16, according to Hyperinsight monitoring, SPCX was officially added to the Nasdaq 100 index before the U.S. stock market opened on July 7. The 0xf929-starting address established a short position in reverse before the day the positive news landed; it may have judged the good news would be priced in. It went long/entered the position on the afternoon of July 6 and continued adding until the morning of July 10.

Currently, this SPCX short position has accumulated 1,005 open positions, with an average price of $163.1. It has cumulatively opened approximately 44 thousand shares short. As of the time of writing, SPCX is trading at $136.5. The address is currently up by $44k on paper, with a return on investment of as high as 327.2%, and the liquidation price is about $202.7.

At present, the market mainly expects that SpaceX (SPCX) will release its first quarterly earnings report after the close on August 6 U.S. Eastern Time. The first batch of earnings-release-triggered unlock is expected to occur at the market open around August 10 (20% of locked shares eligible for sale; if the stock price meets performance conditions, an additional 10% may be unlocked). Around August 21, the first round of a fixed 7% unlock is expected.

In addition to SPCX, the ETH long position held by this address is also recording high returns. It bought 4,000 ETH on July 2 and is currently holding approximately $1.17M in long positions on a 20x full position basis, with an average entry price of $1,658.7. It is currently up by about $7.7M, with a return of approximately 321.6%.

Outside of the two high-return positions, the address began shifting last night to bottom-fishing for SK Hynix, and continued adding positions this morning. This round has cumulatively opened 5,000 contracts long, with a total transaction value of about $1.07M; it is currently holding a 10x full position, with an average price of $1,313.2 and an unrealized loss of about $351k.