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【Whale Discovery】 Smart Money, an early SPCX short seller, has reached a 327% profit, with the first unlock window possibly opening in over 20 days
  • ETH0%

BlockBeats News, July 16, according to Hyperinsight monitoring, SPCX was officially included in the Nasdaq 100 index before the U.S. stock market opened on July 7. The address starting with 0xf929 took a short position the day before the positive news landed, speculating that the positive news had been Price in. It started shorting on the afternoon of July 6 and continued to add to its position until the morning of July 10.

Currently, the SPCX short position has accumulated 1005 trades with an average price of $163.1, totaling about 44,000 contracts shorted. At the time of writing, SPCX is trading at $136.5, and the address has an unrealized profit of $1.167 million, with a return on investment of 327.2%, and a liquidation price of around $202.7.

Currently, the market mainly expects SpaceX (SPCX) to release its first quarterly earnings report after the U.S. market closes on August 6, with the first batch of earnings-triggered unlock on August 10 pre-market (20% of locked shares can be sold; an additional 10% can be unlocked if the stock price meets performance criteria), followed by the first round of 7% fixed unlock around August 21.

In addition to SPCX, the address holds a long position in ETH with substantial gains. It bought 4000 ETH on July 2, currently holding about $7.702 million long position with 20x leverage, with an average price of $1658.7. It now has an unrealized profit of about $1.067 million, with a return on investment of approximately 321.6%.

In addition to these two high-return positions, the address started bottom fishing Samsung Electronics shares last night and continued to add to its position this morning. It has opened a total of 5000 long positions in this round, with a transaction amount of around $6.566 million; currently holding with 10x leverage, average price of $1313.2, with an unrealized loss of about $351,000.

Source: BlockBeats

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