A whale (a large investor) leveraged 5x to go long on SPCX while simultaneously holding a short position in Bitcoin, resulting in a floating profit of over $1.18 million.

CoinFeed reported on June 13 that, according to Onchain Lens monitoring, a whale opened a long position of 54,986 SPCX with 5x leverage, worth $9.09 million. This whale also holds a short position of 320.74 Bitcoins (25x leverage), worth $20.4 million, with floating profits exceeding $1.18 million.