Binance announced it would delist $ALPACA , but instead the coin skyrocketed, all part of a scheme:
1. As soon as the news broke, a bunch of people frantically shorted (betting the coin's price would drop)
2. Whales secretly opened a massive number of long contracts, directly pushing the exchange fees to the highest tier
3. Whales collected exorbitant fees every hour, while using that money to buy spot and raise the price, thus causing the long contracts to rise steadily
4. Here’s the key point! Whales don't really care about making money on the spot, because the profits from contracts far exceed those from buying spot by more than ten times
5. When the contracts are delisted, the exchange forcibly closes the positions, and the whales withdraw several billion directly
6. Once the contracts are done, the whales start to slowly offload their assets until Binance completely delists the coin
Key reminders:
1. Before the contracts are delisted, this coin will keep rising; the whales aim to liquidate the short sellers, so don't touch short positions at this time
2. The time between the contract delisting and the spot delisting is when the whales dump; if you have coins, make sure to run, or you might lose everything
Personal opinion, for reference only
The market is never short of successful opportunities; what it lacks is someone to help you seize those opportunities. Follow Yong Ge’s pace, and you’ll feel like you’re flying.
Day trading focus: OM SUI SOL FUN BTC
