Do $alpaca's own monitoring of long and short ratios. Once it turns up, you can't go long again. If the last wave is the main force going short, then it will be exciting.

Reference $vidt, vidt dropped 90% on the last day.

Alpaca $alpaca's way of pulling the market is based on $auction. In the previous wave of $auction, it was mentioned that the dog fund's operation method can also refer to $trb's pulling method.

Using the highest fee rate to pull the market. This pulling method was discussed before when reviewing $auction, especially after Binance modified the rules, changing from 8h to 1h, making it easier to collect funding fees.

This is also why $auction took a month to pull the market, while Alpaca $alpaca did it in three days with the delisting concept + highest fee rate.

$alpaca = $voxel + $auction combined.

The first is low market value, starting with just a few million dollars, a voxel replica.

A few big players can easily hold the market and control it.

The second is Binance's new fee rate regulation, collecting funding fees every 1 hour.

The main force of Alpaca, which is the main player, opened long positions at the bottom while retail investors have been shorting. Or people following Binance are dragging a bunch of retail investors short. The main force's long positions at the bottom remain unchanged, receiving $a's funding fees to buy spot to maintain the market. The dog fund opens long positions every hour to consume funding fees, while short positions can drain your principal. A dull knife cuts flesh; the deeper the shorts get trapped.

Continuously giving hope to the short side, then suddenly pulling up a spike, grinding the shorts down to where they have no principal left. The shorts will be like frogs in warm water, with their principal decreasing every hour and their liquidation price getting closer. It is clear that the main force is continuously squeezing the shorts; the more you short, the more I pull. So do not short on the left side against the main force.

Spot pulls out a 5% premium, leading to a negative fee rate; essentially, it is still doing the same thing as before, with the bottom long positions remaining unchanged, eating as many fees as possible.

Next, we need to observe the changes in open interest and long-short ratios to judge whether the main force starts to hedge and short. Once the main force begins to hedge, the price will plummet rapidly. Refer to the last time $aution was at the bottom, 10x, sold and never looked back. Once the fee rate loosens, you need to gradually take profits. Now Alpaca has already exceeded 10 times; consider taking profits in batches.