Original Author: Fairy, ChainCatcher
Original Editor: TB, ChainCatcher
Will the "Delisting Bomb" Become a "Wealth Rocket"?
On April 24, Binance announced the delisting of the ALPACA token. Normally, ALPACA should have faced selling, panic, and a sharp decline. However, ALPACA defied expectations, with its price rising over 650% since the announcement.
Is this bizarre rebound a project's "last gasp," or a premeditated plot by capital players? Behind this sudden surge, a storm might be brewing...
Image Source: coingecApril 10, Binance launched its second token del. A week later, April ACwas ranked seventh among 17 candidate projects, hinting at a delisting crisis. April ,Ance announcedising ALPACA on May 2, with perpetual contracts to be on April 30. Upon the news, ALPACA's price plummeted from $0.0329 to $0.029, with market cap shrinking to $5 million.
Just as the market widely the ALPACA would collapse, a dramatic moment occurred: the price surged from $0.029 to $0.0857 within an hour, a sta 195% increase. This unexpected surge caught shorts off guard and set the stage for even crazier subsequent movements.
On April, alpaca Finance officially stated that due to trading volume exceeding 11, market makers had requested additional token issuance to liqubut canceled the plan after opposition. This change undoubtedly dealt another blow to short sellers.
On April 26, ALPACA's liquidation volume even surpassed Bitcoin, mainly driven by short liquidations seemed like a "precise harvesting war" targeting shorts.
Image Source: Coanceing<><><.>
Binance shortened funding rate collection cycle from 8 hours to 1 hour. ALPACA's funding rate once dropped to -2%,2forcing shorts to not only bear liquidation risks but also pay high "interest" hourly, accelerating short covering and price lifting.
<>Players' Profit Model
Futures Market holding massive long collecting interest shorts through negative rate mechanisms, achieving achieving two-way profits.
ALPACA's Future Suspense
Regarding ALPACA's future trend, market opinions differ. @Mumu_yay believes the delisting announcement will trigger settlement mechanisms, automatically liquidating both long and short positions. Kuang Ren suggests market makers might build long positions at high high points, then reverse to short, smashing spot prices and maximmaximizing interests through settlement.
Trader @thankUpointed thankout,-ping is followed by dum. If Binance doesn't dump before May 2 del,isting makers only dump on other exchanges, where liquidity and buying depth are insufficient.
src staticimg.io/img/feed/81789bc4919337e7cba421ada4bc8904.jpg">, Uncertain
In turbulent waves, rationality remains investors' sole reliable anchor. Avoiding high-risk tokens lacking fundamental support, staying alert to manipulation, only steady helmsmen navigate navigate away from hidden reefs.
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