Seven million-dollar longs kept roughly 238,800 SPCX contracts worth about $27.7 million as open interest rose to $229 million and new shorts gained momentum ahead of earnings.
SPCX traded around $116 on Aug. 4, extending its rebound after reaching $117.47, while the seven million-dollar long addresses tracked by TradingBeats kept their combined 238,800-contract position unchanged and lifted its value to about $27.7 million. The largest holder, wallet 0xb37...a66ca, still held 147,500 SPCX worth about $17.11 million at an average entry of $114.96, showing roughly $150,000 in unrealized profit with a liquidation price of $105.45 and no added margin. By the afternoon, leverage was rising on both sides of the market: million-dollar long exposure increased from $44.115 million to $82.633 million, short exposure from $47.098 million to $84.257 million, and open interest climbed about 6.5% to roughly $229 million. Six longs exited and 34 new shorts appeared over the last hour, indicating marginal capital was shifting toward bearish positions or downside hedges as earnings approached.