SPCX extended its rebound to $114.69 on the day, up 5.5% over the past 24 hours and 9.5% from its low. According to ChainCatcher, seven million-dollar addresses have opened SPCX long positions since yesterday, holding a combined 238,800 shares with a position value of about $27.386 million and an average entry price of about $112, leaving them with unrealized gains of about $636,000.

The largest position came from an address starting with 0xb37, which bought 147,500 SPCX through 83 trades starting early this morning. The purchases totaled about $16.958 million at a weighted average price of $114.96. The same address is now holding a roughly $16.918 million long position with 20x leverage, its only current position, and is down about $40,000, or 5.1%. Its liquidation price is $105.43, about 8.1% below the current price, close to SPCX's $105 low overnight.

Funding records show the address received 1.449 million USDC yesterday morning and began building SPCX longs about 20 hours later. Another 350,000 USDC was transferred in during the position-building period this morning, bringing recent transfers to about $1.799 million. The address first received about 1 million USDC on July 10 and started trading then. Since then, it has traded 21 assets across semiconductors, U.S. stock indices, crude oil, and cryptocurrencies, with cumulative realized profits of about $572,000.