Price fluctuations after Binance delisted $ALPACA: The harvesting script of whale capital. In the cryptocurrency market, every delisting announcement from an exchange is like a giant stone thrown into a calm lake, stirring up thousands of waves. When Binance announced the delisting of $ALPACA, the market experienced a dramatic reversal — the currency not only did not fall but instead surged, showcasing a stunning rally. Behind this price fluctuation is the carefully crafted harvesting script of whale capital. The delisting announcement from Binance acted like a starting gun, instantly igniting the market's enthusiasm for short selling, and a large number of short positions were quickly established. However, experienced whales sensed an opportunity. They decisively launched massive long contracts, which, due to the enormous trading scale, directly triggered Binance's highest fee rate mechanism. This action seemingly increased trading costs but actually hid a secret. Whales began to gradually reduce their spot holdings by leveraging the substantial fee income they earned hourly. In this way, they cleverly drove up the spot price. As the spot price climbed, the long contracts held by the whales also generated huge unrealized profits. In this capital game, whales are well aware of the enormous potential of contract profits because compared to spot trading, the leverage effect of the contract market can yield returns far exceeding those of spot trading. As the time point for Binance's contract delisting approached, the whales' plan also entered its final stage. At the moment the contract was delisted, Binance's automatic liquidation mechanism was triggered, and the whales successfully harvested enormous profits. After the contract delisted and before the spot delisting, this period became an excellent window for whales to sell their spot holdings. They gradually sold off the accumulated $ALPACA spot until Binance ultimately delisted the $ALPACA spot. Based on the above analysis, we can draw a clear prediction of market trends. Before the contract is delisted, the price of $ALPACA will continue to rise. This is a result of whales deliberately pushing for substantial profits from long contracts. Therefore, during this stage, investors should avoid short selling, as the price of $ALPACA may rise to an unimaginable range. After the contract is delisted and before the spot delisting, the market will experience a severe reversal. At this time, investors holding spot should decisively sell to avoid losses during the whales' selling wave. Every fluctuation in the cryptocurrency market is the result of a contest of multiple forces. Understanding the operational logic of whale capital is key to making wiser investment decisions in this uncertain market.#特朗普暂停新关税 ##加密货币总市值重回3万亿