As of now, $SPCX ‌has fallen to 112.2 in pre-market trading, while Friday’s closing price was 115.07. The closing price is $3 apart from the pre-market price, and the bearish momentum is obvious.

SPCX’s first major unlock is on August 6. The first batch to be unlocked is approximately 911.5 million shares, and the shares for the public IPO are 550–640 million shares.

The 911.5 million shares being unlocked make up 7% of the total, while the IPO shares are only 4–5%. That alone brings liquidity to 10% or more. With only the current 4–5% liquidity, the price has already reached 112.2.

SPCX released its earnings report on August 4. If results beat expectations, it can offset some of the decline over time. And if the US stock market keeps trending upward, SPCX won’t look too bad either—just because shares get unlocked doesn’t mean they will definitely be sold.

But most bears are looking for SPCX’s short-term price to be 60–80 dollars. Since 225 dropped to 115, their positions have already been cut in half—more despairing than even what traders in the altcoin market have suffered #SpaceX