SPCX Perpetual has almost completely recouped its gains since SpaceX's IPO, with a pullback of over 30% from its peak at the stage.
According to PRO's "Large Transaction" monitoring, since reaching a new high on June 16th, Binance SPCX/USDT perpetual has seen four rounds of intensive selling transactions with each transaction exceeding $500000, with a cumulative transaction amount of $451 million and a net transaction difference of $140 million.
Combined with the "position difference" data, the synchronous growth of positions during the trading period indicates that the main force is mainly building positions and the direction is bearish.
At the same time, the ratio of long to short positions (LSUR) increased from 1.63 to 5.7, and during the price decline, the number of long positions continued to increase, with retail investors clearly buying more as the price fell.
In the same round of market trends, the regular version of the K-line sees a price drop; The PRO version of the K-line shows when the main force starts to take action, whether to open or close positions after a transaction, and whether funds are still actively involved.
Currently, SPCX is still in a critical observation stage, and in the future, we can focus on whether the main large-scale transactions will once again concentrate.
PRO "Large Transaction": Real time tracking of market transaction trends, allowing Kuairen to quickly understand the main players' behaviors such as grabbing funds or smashing deals.
