Tweeted by MacroAlph
Tweeted by MacroAlphaHQ@949620925716226051
Retail loves buying a -43% dip on $SPACEX. They usually forget to check the insider unlock schedule.
The price has already bled out heavily since the IPO. But the real structural damage hasn't even started.
Between August and November, early investors are about to flood the market. The total unlocked supply is scheduled to jump from roughly 25% to 60%.
That means the tradable float will more than double in just a few months.
August 11 brings a massive 20% wave. November 7 drops another 28%. Every time the chart tries to bounce, this new supply will hit the bid and cap the rally.
If you are holding a setup like this, you aren't fighting bad market sentiment. You are fighting basic math. The overall market cap can stay exactly the same while the price gets cut in half just to absorb the new paper.
You aren't buying a discount. You are providing exit liquidity.