SPCX Enters Russell on the Eve: Retail Investors Bullish with Long Positions, While Whales Place $4.4 Million Sell Order Above

BlockBeats News, July 7th, according to Hyperinsight monitoring, SPCX will be officially included in the Nasdaq 100 index before the U.S. stock market opens today, but the visible positions on Hyperliquid did not unilaterally increase. At the time of writing, SPCX was trading at $156.2 with a 24-hour trading volume of approximately $290 million.

A large address order book structure shows: there are about $4.96 million short-covering buy orders buried in the $135 to $155 range, while there are about $4.45 million sell orders pressing down in the $156.3 to $175.0 range. The SPCX order book is as follows:

- Short-Covering/Take-Profit Buy Orders: 116 orders, price range $135.0 - $155.1, approximately $4.95 million;

- Upper Opening Sell Orders: 26 orders, price range $156.3 - $175.0, approximately $4.44 million;

- Lower Opening Buy Orders: 17 orders, price range $147.5 - $155.9, approximately $1.8 million.

Among the three types of orders, the number and scale of short-covering buy orders rank first, combined with the selling pressure above, indicating that large funds may intend to "distribute at highs and buy back at lows."

The position holding side shows a long-short layering, with the bearish sentiment increasing as the position size escalates, while retail investors tend to be bullish:

- Full visible positions above $100,000: 183 orders, totaling approximately $1.41 billion, short/long ratio about 1.15;

- Large positions above $1 million: 17 orders, totaling approximately $55.76 million, short/long ratio about 2.06;

- Small to medium positions between $10,000 and $100,000: long/short ratio about 1.25, the only level with a net long position.

On the whale's cost line, the weighted average cost of large long positions is around $164.59, and for short positions, it is around $169.68, both higher than the current price, with overall unrealized gains for shorts and overall positions underwater for longs.

On the liquidation line, recent short liquidations are concentrated around $195.7 to $198.0, totaling approximately $10.44 million; while long liquidations are mainly located around $97 and $110, both far from the current price.

Note: A small portion of addresses among the large whale addresses may involve hedging or arbitrage, resulting in a slightly lower actual long-short ratio.

-HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and make it an administrator (with permission to delete messages) to automatically sync on-chain information.