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SpaceX's upcoming earnings report has drawn significant attention as short interest reaches $25 billion, reflecting strong bearish sentiment among traders. The high level of short positions suggests that many investors expect disappointing results, which could lead to increased volatility in related markets. If SpaceX's earnings surprise to the upside, a short squeeze might occur, potentially impacting broader market sentiment. Meanwhile, other notable developments include a whale closing a position with a $6.019 million profit, Movement Labs filing for Chapter 11 bankruptcy amid scrutiny over a rapid sale of 66 million MOVE tokens, and a nearly 50% decline in weekly vessel traffic through the Strait of Hormuz, pushing Brent crude close to $92 per barrel. Additionally, semiconductor stocks face key events in the next two weeks with a focus on AI capital expenditure, and data shows that U.S. Bitcoin holders now outnumber gold holders.
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