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🚨 $SPCX: Earnings may not be the biggest catalyst—the unlock is.
The key risk isn't the earnings report. It's the August 6 token/share unlock.
📌 Current circulating supply: ~4%
📌 Unlock size: 911.5M, roughly 1.4× the current circulating supply
With many early holders reportedly having a cost basis around $20 versus a current price near $110, profit-taking pressure could be significant.
If trading volume isn't strong enough to absorb the new supply, price could remain under pressure.
The bearish unlock thesis weakens only if fundamentals materially improve—such as stronger-than-expected Starlink performance—and the price reclaims the $225 area.
Supply matters just as much as earnings
$BTC $ETH $BICO
#30YrYieldTopOrStart #30YrYieldTopOrStart #EarningsWeekAhead
