SPCXB is a SpaceX stock token issued by Binance. Its price only follows the underlying SPCX stock (U.S. listed). On 09-16, the underlying stock was up +5.15%; this token rose +6.4%. On 09-15, the underlying stock fell −3.15%; this token fell −3.9%. They move in the same direction and in sync. The time it truly trades each day is only 6.5 hours.
▪️ The standard deviation of daily returns is 2.42%—BTC is 2.57%, ZEC is 9.05%. Anchored to the underlying stock with a market cap of $2 trillion, the swings are flattened. Among the coins that moved 15% in the top 6 hours, this one has the smallest volatility.
▪️ Over the past 700 hours, the first hour when U.S. stocks open (Beijing 21:30–22:30) accounted for 25.9% of the day’s trading volume. During U.S. trading hours, which make up 18% of the time, it consumed 40.3%.
▪️ Weekend average volume in 4H is 890K U; weekdays are 4.49M U—about a 5x difference.
The breakouts shown on the candlesticks between 04:00 and 20:00 Beijing time basically shouldn’t be taken too seriously.
Now look at the structure. On 09-15 it dropped to 142.54; the next day a big bullish candle pushed it from 144.95 to 151.50, with a single-candle volume of 10.14M U—its highest volume in the past two weeks. The price jumped and held above the MA20 and MA60 in one go—first time in 9 trading days.
But the two moving averages have no golden cross: on the 4H chart, MA20 is 148.64 and MA60 is 149.32. The price is above, while the moving averages are below, twisted/overlapping. This kind of formation can rise, but there’s no trend confirmation.
Three key levels: 154.99 is today’s high and also the top of the 30-day range; 148.64 is MA20; 142.54 is the breakout start point of this leg.
Need to state it clearly on the coordinates: it’s at the 95% position within the 30-day range, but it’s still 33% away from the all-time high of the first month after June’s listing (229.94). Since listing, the overall performance is −4.2%. From the halving/halfway point, it’s been correcting backward—not charging upward from the highs.
Watch three things:
① Can the 4H close hold above 148.64?
② After breaking 154.99, will it be able to stay there, or will it do another high then fall back?
③ Is the surge in volume only appearing during U.S. trading hours? If volume shifts to the candlesticks in the Asia session, that means crypto capital has started trading it—then that’s when it truly starts to act like a “coin.”
$SPCXB
▪️ The standard deviation of daily returns is 2.42%—BTC is 2.57%, ZEC is 9.05%. Anchored to the underlying stock with a market cap of $2 trillion, the swings are flattened. Among the coins that moved 15% in the top 6 hours, this one has the smallest volatility.
▪️ Over the past 700 hours, the first hour when U.S. stocks open (Beijing 21:30–22:30) accounted for 25.9% of the day’s trading volume. During U.S. trading hours, which make up 18% of the time, it consumed 40.3%.
▪️ Weekend average volume in 4H is 890K U; weekdays are 4.49M U—about a 5x difference.
The breakouts shown on the candlesticks between 04:00 and 20:00 Beijing time basically shouldn’t be taken too seriously.
Now look at the structure. On 09-15 it dropped to 142.54; the next day a big bullish candle pushed it from 144.95 to 151.50, with a single-candle volume of 10.14M U—its highest volume in the past two weeks. The price jumped and held above the MA20 and MA60 in one go—first time in 9 trading days.
But the two moving averages have no golden cross: on the 4H chart, MA20 is 148.64 and MA60 is 149.32. The price is above, while the moving averages are below, twisted/overlapping. This kind of formation can rise, but there’s no trend confirmation.
Three key levels: 154.99 is today’s high and also the top of the 30-day range; 148.64 is MA20; 142.54 is the breakout start point of this leg.
Need to state it clearly on the coordinates: it’s at the 95% position within the 30-day range, but it’s still 33% away from the all-time high of the first month after June’s listing (229.94). Since listing, the overall performance is −4.2%. From the halving/halfway point, it’s been correcting backward—not charging upward from the highs.
Watch three things:
① Can the 4H close hold above 148.64?
② After breaking 154.99, will it be able to stay there, or will it do another high then fall back?
③ Is the surge in volume only appearing during U.S. trading hours? If volume shifts to the candlesticks in the Asia session, that means crypto capital has started trading it—then that’s when it truly starts to act like a “coin.”
$SPCXB
