SPCX Open Interest Surges 6.5% as Whale Longs Hold Firm Amid Earnings Window

SPCX open interest rose 6.5% to $229M with $756M in new leverage. Top whale holds $17.1M long, while shorts increased by $371M ahead of earnings.

Woofun AI data shows that seven million-dollar-level long positions in SPCX maintained their holdings despite price fluctuations, collectively controlling approximately 238,800 contracts valued at $27.7 million. The leading address, 0xb37, retained 147,500 SPCX with a position value of $17.11 million, an average entry price of $114.96, and a liquidation threshold of $105.45, without adjusting margin or position size.

Market leverage expanded significantly, with total million-dollar-level long positions rising from $441.15 million to $826.33 million and short positions increasing from $470.98 million to $842.57 million within half a day. Total open interest climbed 6.5% to $229 million. While six long positions exited in the past hour, 34 new short positions were added, reflecting a shift toward downside protection as the asset approaches its earnings report.