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Nora Ledger
SpaceX is approaching a pivotal week. While $SPCX has already fallen well below its IPO price, the real focus is still ahead.
On August 4, the company is expected to release its first earnings report since the listing. Just two days later, a massive wave of locked shares becomes eligible for trading, creating potential selling pressure that markets will watch closely.
For crypto, this isn't a direct $BTC catalyst, but risk sentiment matters. Strong earnings and confidence around Starlink's future could lift growth assets, while weak results combined with heavy selling may weigh on tech stocks and spill over into $BTC and $ETH.
I'm staying patient until the market reacts to both events. This could set the tone for the next major move.
#DailyOrbit
