🦙Alpaca Recap🦙 - Hindsight Version This time, Alpaca could still pull 10+ times despite brand delisting The main reasons are as follows: 1. Brand delisting led to increased short positions Shorts dominated the order book, allowing the institution to open large long positions at cheap prices 2. Contract open interest far exceeded spot market volume Allowing the institution to control the big market with small moves, profiting from both contract and spot markets 3. Brand-related contract settlement Enabling the institution's long positions to be automatically settled at prices close to spot market during delivery