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1. If $SPCX delivers strong earnings and the unlock doesn't create major selling pressure, the focus should shift from fear to the bullish side. Some believe the downside is already over, but I don't think the risk has fully disappeared yet. Unlocked shares don't necessarily mean immediate selling. Holders can sell on day two or day three just as easily. That simple thought of “I think it will be fine” trapped many buyers above $120. With 910M shares potentially available, even one negative trigger could create a chain reaction of panic. I called the exit around 105. I'm still holding a small 0.3 short around 114, so there's no reason for me to rush. Not everyone watching $SPCX is a strong holder. Many are simply waiting to see what happens.