Compared to its #1 public competitor RKBL, trading at 60-68x on a much smaller revenue base, SpaceX clearly commands a premium (dominance + Starlink + AI).
Even with that premium, I think the valuation is simply too high.
Waiting for an ideal technical sell zone, currently ~$150, which would put the valuation at ~$2.0T and P/S at ~86x.
My personal fair value: $1T (roughly ~$76).
I'll re-check the fundamentals at every step to confirm nothing's changed.
Arthur Hayes published a new essay, "Yen-quake," arguing the Treasury will engineer a weaker dollar to strengthen the yen. The resulting liquidity surge will send $BTC and crypto higher.
Short $CAP Significantly overvalued relative to its fundamentals, sitting on a key resistance. Entry: 0.04391$ Target: 0.016$ – 0.0082$
📊 Open positions
KAITO — Short @ 1.21$ → currently 0.67$ ✅ **profit taken** BTC — Short @ 64,966$ → currently 63,900$ CAP — Short @ 0.04391$ → Target 0.016$ – 0.0082$ (new)
📉 Bitcoin miner Marathon Digital $MARA sells 23,093 $BTC worth over $1.6 billion. The question is: are they selling at a loss? Miners and Saylor need to sell at a loss for our bottom. I’ve been saying it since 120K. Ready for the final dump?
The perpDEX... I’ve only been using them for my trading for years.. You want to experience what I lived on $HYPE , Aster (and soon Extended) Stop choosing the ones you see in your feed Be early, with the right team and good data I’m putting a sign below for you
Crypto is growing up thanks to trading in real world assets, and $BTC will never dip below $60K again, says Nansen founder founder Alex Svanevik. Don't trust this clown we go to 45K