$SPCX TODAY: The bounces are exit liquidity. $80 is coming. 📉🚨
$SPCXB is stuck at $148–$167. Every rally is getting sold. The market still hasn’t priced in the wall of supply heading into Q3 earnings and the year-end unlocks.
Here’s where things stand:
Every bounce is a sell signal. Pushes toward $170 aren’t a recovery. Early venture holders are using them to unload. Strength is being distributed, not accumulated.
The supply math doesn’t work. Hundreds of millions of shares unlock into December. You can’t build a floor while the float keeps expanding. Buyers are absorbing paper, not forming a base.
There is no floor yet. I’m watching the $80–$95 capitulation zone later this year. That’s roughly 45% below current levels, and it’s where real price discovery starts.
Q3 earnings won’t fix dilution. Most bulls are still treating this as a dip. When the unlocks hit the tape, that view gets tested hard.
Don’t catch the knife. Don’t buy the squeeze. Let supply clear.
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Not financial advice. DYOR.