Yesterday I bailed on SPCX, and today it rose to 146—but on Thursday I still won't turn back Yesterday I said I was getting out, and some people in the comments laughed at me for being timid. Today SPCX rose another 4.45% to 146, just a breath away from its 150 opening price on the first day of trading. It would be a lie to say I’m not upset; I checked the trade records three times overnight. Then the entire 13F shareholder list was revealed today, and I slept even worse after reading it: Google holds 550 million shares, Fidelity 300 million, Saudi Arabia’s sovereign wealth fund 150 million, and Nvidia 120 million, with a market cap of $21 billion. The most brutal part is Harvard—12.9 million shares, its largest single holding across its entire U.S. equity portfolio. Of more than 1,500 shareholders, 23 institutions hold over 80% of the shares. The shares are more concentrated than expected. That’s both good and bad: when prices rise, no one rushes to sell; when they fall, whoever gets out first survives. But on Thursday, 319 million shares will be unlocked. It survived the unlocking of 910 million shares last month because those shares were unlocked at the 105 dip, and institutions picked them up cheaply. This time, the unlocking comes after a 40% rise—the same shares are 40% more expensive, and buyers’ willingness to take them is a completely different matter. Another 700 million shares will be unlocked in September, followed by another wave in October. My calculation is very clear: I’m keeping a small position just to bet on it holding 150. If it holds, I’ll accept having missed that leg; if it falls, I’ll only suffer a flesh wound. The tail has plenty of meat, but it also has plenty of bones—let others eat it. For those holding SPCX, this is the last night before the unlock: A: Hold on like Harvard and Google B: Sell everything at tomorrow’s open C: Buy back below 130$BTC $ETH $SPCX ‌#SpaceX股价反弹40% ‌

8.18 Erbing’s morning outlook Set up short positions on a rebound into the 1910–1925 range Defense above 1932 First target 1880, then 1860 On the one-hour timeframe, the rebound lacks incremental capital, bullish momentum continues to weaken, and selling pressure from positions in the 1910–1925 resistance zone is heavy. This rebound is merely a technical correction. Do not chase shorts directly at the current price; wait for signs of a stalled rally before entering, and use a strict stop-loss. If the resistance is decisively broken on heavy volume, adjust the strategy accordingly.

#VitalikProposesNewEthereumScalingPath Vitalik Proposes New Ethereum Vitalik Buterin is proposing a redesign of Ethereum aimed at making the network leaner, more scalable, and easier to verify. His “Lean Ethereum” ideas focus on reducing the amount of state validators must store and process. One proposal would move more state management toward validators while using zero-knowledge proofs, including a daily ZK-STARK proof, to verify large amounts of activity efficiently. Buterin has also backed a Bitcoin-inspired UTXO-style approach for simple payments, potentially reducing Ethereum’s storage burden. These ideas are part of a 2026 roadmap that prioritizes scalability, protocol simplification, privacy, and protection against quantum-computing threats. Ethereum’s official roadmap says these technologies remain under research and are not yet guaranteed upgrades. If implemented successfully, the changes could make Ethereum cheaper to operate, easier for more participants to validate, and capable of supporting larger activity. However, the proposals are technically complex and could take years to develop and deploy.$ETH ‌$BTC ‌