SpaceX Added to Nasdaq-100 Index in 6 Days; On-Chain Whales Bearish With Only 1 of 8 New Positions Bullish

According to BlockBeats, SpaceX is set to be added to the Nasdaq-100 Index on July 7, with just 6 days remaining as of July 1. On-chain holdings of the SPCX token have surged to $186 million on the Hyperliquid platform, with 24-hour trading volume reaching $260 million. SPCX is currently trading at $173, up 6% in 24 hours.

Among 8 large whales that recently opened new positions, only 1 maintained a bullish stance, holding 20,000 SPCX contracts with 8x leverage, valued at approximately $3.46 million at an average entry price of $160.50. This position has generated floating profits of $255,000, representing a 38.9% unrealized gain. On-chain data shows that major bullish positions averaged an entry price of $183.77, leaving most long holders underwater; bearish positions averaged $171, meaning short holders also face losses as prices have risen above their entry levels.