Since reaching its all-time high, SpaceX's market value has fallen by 21%, with large on-chain SPCX holders holding 71.7% in short positions.

BlockBeats News, June 22, according to Hyperinsight monitoring, as of the time of writing, the 24-hour trading volume of SPCX on Hyperliquid is approximately $102 million, with a 1.58% decrease in the last 12 hours, continuing the pre-market decline. On the news front, after SpaceX surged to its high point in the first week, it has retraced by 21% in the past week, and cautious valuation voices are emerging in the market.

The largest short position on Hyperliquid currently holds a 3x SPCX short position, with a position value of approximately $21.03 million, an average entry price of 192.02, and a current mark price of around 178.33. In addition, significant whale holdings of SPCX (in million-dollar values) are notably bearish, with a short position of about $60.31 million and a long position of about $23.74 million, making shorts 2.54 times larger than longs.

Address: 0xfc27136e42af1732ddc9ce2605ea9bff1b959d9d