🦙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
