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BullRiderPK
$SPCX JUST DID THE OPPOSITE OF WHAT THE MARKET EXPECTED. 🚀
Around $100B worth of insider shares became eligible for sale yesterday, and traders were expecting that unlock to create heavy selling pressure.
Instead, $SPCX moved higher.
But here's the key point: being allowed to sell doesn't mean insiders actually sold. Musk's roughly 42% stake remains locked until 2027, while the broader share release is happening in stages.
There’s also another potential source of demand.
As $SPCX ’s weight in the Nasdaq-100 rises from roughly 1% toward 3.5%+, index-tracking funds may need to increase their exposure.
Early holders had opportunities to take profits when $SPCX was still around 50% below its highs.
They didn't.
That doesn't guarantee further upside, but it does suggest that the expected insider-supply shock may be much smaller than traders feared.
The unlock created fear. The market responded with strength. Now the real question is whether that strength can continue. 👀
$SPCX
#PayrollsDropCPIFocus #AIMemoryStressTest
Penafian: Konten OKX Orbit ini hanya disediakan untuk tujuan informasi. Selengkapnya
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