[ALPACA Earthquake, Liquidation Tsunami Approaches!]

In the past hour, the total liquidation amount for ALPACA reached 8,367,200 USD, among which:

Long position liquidations: 503,400 USD

Short position liquidations: 7,863,800 USD (mainly short position liquidations)

Meanwhile, the liquidation amount for BTC in the past 4 hours was 5,576,900 USD, but compared to the severity of ALPACA, BTC is merely a minor player.

What is the real trigger behind the liquidations?

According to an official announcement, a certain exchange will delist ALPACA, PDA, VIB, and WING on May 2.

Smart funds, having received the news in advance, accelerated their withdrawal, triggering a stampede of short position liquidations! #PEPE‏ #DOGE #ADA #BTC #solana