According to BlockBeats, on August 5th, TradingBeats (formerly Hyperinsight) reported that SpaceX's first earnings report since its IPO was priced in, creating a window for whales to exit. SPCX briefly rose to $131.30 this morning, but within about 15 minutes it fell to a low of $113.76, a difference of $17.54. It is currently trading at $116.25, down 11.5% from its post-earnings high, with only about a 1.5% gain in the last 24 hours.

The earnings report itself was significantly strong, with revenue exceeding expectations. However, during the regular trading session before the earnings report, SpaceX's stock price had already risen 9.4% to $125.33. After the positive news was priced in, the after-hours price actually plummeted by more than 8%, indicating that the growth expectations had already been anticipated by pre-market trading.

Hyperliquid's trading activity showed increased volume and deleveraging. SPCX's trading volume in the past 24 hours was approximately $839 million, a 4.1-fold increase compared to the same period yesterday; however, the value of open interest decreased from approximately $213 million to $183 million, a drop of 14%. The cumulative funding rate in the past 24 hours also decreased by approximately 50%, turning negative for several hours after the earnings report was released.

The most significant withdrawal was seen yesterday from the seven new million-dollar long positions. These addresses collectively held approximately 238,800 SPCX units, worth $27.41 million; currently, only three addresses remain holding positions, with their holdings reduced to approximately 81,200 units, worth $9.435 million, a decrease of about 66%. Four of these long positions have completely liquidated.

Large-scale fund flows over the past 24 hours have primarily focused on deleveraging . New and added short positions totaled approximately $12.079 million; however, nine existing long positions reduced their holdings by a total of $40.779 million during the same period, while short positions also covered approximately $30.219 million. Both long and short positions are taking profits and reducing their positions.

The order book of the whale shows that the funds that have already been liquidated have left buy orders worth approximately $5.441 million between $107.7 and $110.5, while another group of funds is waiting to add to their positions at $105. The largest existing long position has placed 200 sell orders for "only reducing positions" between $139.33 and $143.88, planning to take profits on all remaining 60,000 positions.

The post-earnings report share price of $116 is not enough to attract whales to continue chasing the price higher. Previously driven-up funds are now using the earnings report as an opportunity to exit, shifting the next buying range down to $105 to $110.5. SPCX's pricing strategy has shifted to the actual selling pressure following the lock-up period ending on August 6th.

Previous news: SPCX enters the joint pricing window for earnings release and lock-up expiration; $76 million in new whale positions were added in half a day.

According to BlockBeats, on August 5th, renowned trader Ouyang Zhaibai posted that SpaceX shares will see a peak in unlocking between August and November, with the outstanding shares expected to increase from 640 million to 5.2 billion. The unlocked portion primarily comes from employee stock ownership plans. He believes this equates to a large number of individual shares entering circulation, potentially creating significant selling pressure. He stated that regardless of SpaceX's long-term prospects, the stock price is unlikely to see a significant surge in the next six months.

The shares held by institutional investors will be unlocked gradually from January to June next year, but in a smaller amount; Musk's 52% stake is expected to be unlocked in June 2027, but he believes that the founder has no strong motivation to sell in the short term.

According to a report by BlockBeats on August 5th, South Korean media predicts that South Korea will maintain its leading position in the global memory chip market until 2031, thanks to significant investments from companies like Samsung Electronics and SK Hynix. However, demand for high-bandwidth memory (HBM) is expected to rapidly expand from Nvidia's graphics processing units (GPUs) to AI accelerators developed by large tech companies like Google. Josephine Lou, an industry analyst at the French market research firm Yole Group, stated at the 2026 Future Memory & Storage Conference in California on August 4th that South Korea will maintain its leading position in the memory industry until 2031. Lou pointed out that South Korea plans to double its wafer capacity within the next five years, and Samsung Electronics and SK Hynix have also increased their investments.

Analysts point out that as Samsung Electronics and SK Hynix simultaneously expand their production capacity and technology research and development for next-generation DRAM (including HBM) and NAND, South Korea's advantage will continue. (Jinshi)