SpaceX Nears Nasdaq 100 Inclusion as Hyperliquid Positions and Volume Rise

SpaceX is six days away from being officially added to the Nasdaq 100 Index on July 7, according to Hyperinsight monitoring cited in a July 1 update. According to BlockBeats On-chain Detection, positioning in the related asset on Hyperliquid reached $186 million, while 24-hour trading volume rose to $260 million. The token SPCX was quoted at $173, up 6% over the past 24 hours, and continued to strengthen in premarket trading. Data indicated that large funds that recently built positions did not significantly increase bullish exposure ahead of the anticipated catalyst. Among eight whale addresses that opened new positions and have continued holding them, only one established a long position. That address was also described as the only recently profitable whale. It holds a long position of 20,000 SPCX contracts with 8x leverage, opened at an average price of $160.5. As the price rose, the address showed an unrealized profit of $255,000, or 38.9%. While its average holding period is about 12 hours, it has maintained this long position for nearly two days. The address was reported to often position ahead of earnings releases and related positive news, with recent holdings including DRAM, NVDA, and MRVL. Across overall on-chain positions, large holders’ average long entry price was $183.77, leaving many long positions in significant unrealized losses. The average short entry price was $171, and the current price moving above that level suggests short positions that were previously positioned or profitable have come under pressure, with many shifting into losses.