SPCX long position holder slides into deep loss after nearly a month, with maximum unrealized loss exceeding $610,000

Odaily Odaily reports, according to Hyperinsight monitoring, the continued decline of SPCX has pushed a long position address that had held out for an entire month into deep losses. Data shows that the cost basis of the address starting with 0x91d has been breached by approximately 26.1%, making it the address with the largest unrealized loss for SPCX on Hyperliquid. It currently holds only 12,085 long contracts of SPCX, with a notional size of about $1.638 million, an average position price of $183.2, and an unrealized loss of approximately $577,000 (−52.1%). At the time the price broke below its cost, the unrealized loss had once expanded to $616,000. The account's margin of approximately $509,900 is all used to maintain this position.

This position was opened during the surge period after SPCX's listing. Throughout the following month, no additions or reductions were made. It held the position through the listing, the positive news of inclusion in the Nasdaq index, and also through the subsequent continuous decline. Ahead, only the negative expectation of early holder token unlocks remains.