SPCX Slides 5% in 12 Hours; Large Short Sellers Build Positions Around $169

According to Hyperinsight monitoring, on June 24, SPCX on Hyperliquid declined 5.08% over the past 12 hours to $155, with 24-hour trading volume around $932 million. Short positions stand at $42.24 million while long positions total $31.57 million, with shorts outweighing longs by a 1.34x ratio. Large short sellers' average entry price is near $169.20, with the closest liquidation line at $164.

The largest short whale holds a 3x short position worth approximately $18.54 million, established around 7 days ago at an average entry price of $167.41. The position shows unrealized gains of roughly $1.47 million, with liquidation price at $208.88.