SpaceX, which was once nearly cut in half from its all-time high, saw two bulls' nearly $5 million long positions liquidated in succession.

BlockBeats News, July 17, according to Hyperinsight monitoring, the stock price of SpaceX (SPCX), which has only been listed for just over a month, continued to decline this week. On Wednesday, SPCX's stock price fell below the $135 IPO price for the first time since its listing, closing the day at $135.27. The downward trend continued on Thursday and extended into after-hours trading.

In the morning, SPCX briefly dropped below $120, then rebounded to temporarily trade at $126.2. It fell by about 11.1% from the $135 IPO price, by approximately 25.4% from the first-day closing price of $160.95, and retreated by around 46.8% from its all-time high of $225.64 since listing.

During the stock market's decline on Thursday from intraday to after-hours trading, two SPCX long positions (0x5adb) (0xb760) were successively liquidated, with a total of 38,896.4 SPCX being closed out, resulting in a total liquidation trading volume of $4.9723 million. The realized losses amounted to $0.5997 million. Details of the two liquidation rounds are as follows:

The first liquidated whale with an address starting with 0x5ad did not exit the market. Approximately 2.5 hours later, it re-entered by buying 14,546.44 SPCX at an average price of $131.09, with a transaction value of $1.9069 million, and holding in 8x leverage mode. The current position value is $1.8355 million, with an unrealized loss of $0.0714 million, a liquidation price of $117.6, approximately 6.75% away from the current price.