$ALPACA Alpaca Surge Logic and Wholesaler Operation Revealed!
ALPACA saw a tenfold increase from April 25-27 (from $0.029 to $0.3), with the core driving factors and strategy suggestions as follows:
The surge logic is both the wholesaler controlling the market and capital rate harvesting: the top ten addresses hold over 60%, by pulling up spot and contract high rates (annualized 16%) to force shorts, the contract open interest surged to $100 million, far exceeding the spot market value, creating a cycle of 'bulls and bears fighting'.
The announcement of Binance delisting turned into a catalyst, as the project party released news of 'stopping issuance' and 'cross-chain', coupled with the heat of the BNB ecosystem (BNB rose to $615), attracting funds to bottom fish. After breaking the resistance level of $0.2, the RSI is overbought but not yet exhausted, with a 30% increase in active on-chain addresses in 24 hours, and short-term capital accounting for 80%.
Short-term bullish: If it stabilizes above $0.28, the target looks at $0.35-$0.5, but beware of liquidity drying up after the delisting on May 2. Be cautious when shorting: the current capital rate is still as high as 16%, with $100 million in contract open interest, making short positions very costly; wait for a drop below $0.2 and for the rate to turn negative. Long-term risks: If the project party fails to fulfill the cross-chain promise after delisting, it could go to zero; it is recommended to keep the total position under 5%.
Core operation: 0 beware of 'doomsday wheel' high volatility, prioritize attention to liquidity changes on second-tier exchanges like Gate/MEXC.
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