Musk builds momentum for SPCX, with only three positions on Hyperliquid exceeding 10 million US dollars, all on the long side SPCX will announce its first quarterly financial report after going public tonight. The market expects revenue to be around 6.8-6.9 billion US dollars, but what really affects pricing is not short-term losses, but Starlink growth, Starship progress, capital expenditures, and whether the AI business can generate new revenue expectations. According to tracking, there are currently only three SPCX addresses on Hyperliquid with positions exceeding $10 million, all of which are long, with a total position of $40.14 million. But these three multiple orders have different transaction logics: one ⃣ 0xb37f... 66ca: Financial report assault warehouse We only started building positions early this morning and have accumulated an excess of 147510 SPCX. The position value is $17 million, with an opening price of $114.96 and a leverage of 20x. We have not yet reduced our position. This is the only newly added large long position among the three smart money, clearly showing price fluctuations after trading financial reports. two ⃣ 0x3527... 1e16: Cover the old warehouse with reduced inventory Originally holding 130004 SPCX with 20 times leverage, today it has reduced its position by 25000 SPCX around $110.17, confirming a loss of $376200; The remaining position is about 12.1 million US dollars, with a current floating loss of 1.05 million US dollars. The smart money is not increasing before the financial report, but reducing the existing risk exposure. three ⃣ 0x362a... 1d9f: Long term positions that have cashed in profits Previously, it reduced its position around $145.58 and achieved profitability. Currently, it still retains 95882 SPCX with a position of $11.05 million, a cost of $129.70, and a floating loss of $1.39 million. The leverage is only 6x, and the position tolerance is significantly higher than the first two. The commonality among the three is that none of them have posted new SPCX purchases, nor have they completely withdrawn. The difference lies in: One is betting on financial reports; One has already proactively reduced risks; Continue to retain core positions after cashing out profits. So, the only newly added offensive positions among these three smart money are 0xb37f... 66ca; The other two are closer to waiting for the release or continued holding of existing positions. After the financial report, focus on two layers of costs: -$114.96: The latest large multi order cost, which is also the first line of defense for whether financial report transactions can be established; -$125 to $130: Two old positions in the cost zone, whether they can be recovered determines whether this round of rise is short covering or a new valuation repricing. If the financial report stabilizes at $115 and continues to break through $125, it indicates that new buying is beginning to digest the pressure of old positions; If it falls below $115 again, the latest 20x bulls will be the first to come under pressure, and the upcoming share unlocking will further test market acceptance. Smart Money Direct: -New warehouse bet on financial report: https://www. (((aicoin.com)))/zh-Hans/hyper-detail/0xb37f083bad343a76361cd8f39afe7ecd6a0a66ca -Proactively reduce risks: https://www. (((aicoin.com)))/zh-Hans/hyper-detail/0x35270069b7a3c6d8c2caf73965f07a8a8b051e16 -Long term holdings: https://www. (((aicoin.com)))/zh-Hans/hyper-detail/0x362ad6209a5e904a5569f69884375809c5781d9f Musk SPCX