📡 ALPACA delisted from Binance and the price manipulation tricks of exchanges

- After the delisting information from Binance, this asset surged nearly X10

- The funding rate fee reached 3%, indicating a large number of shorts as most people expect this asset to plummet,

- To give you an idea of how high the 3% is, let’s take an example: if you enter a position of 100$ X10, you lose 30$ in funding rate fees every 4 hours that short sellers pay to long holders

- The more short positions taken, the stronger the coin price rises as the delisting date approaches

- At times, the trading volume of ALPACA futures has surpassed that of Bitcoin

- This asset has a small market cap with few holders, making it very easy to manipulate price fluctuations => Both long and short positions are being liquidated

- Currently, ALPACA continues to rise steadily, perhaps to wipe out the short positions, and the final outcome will likely be a plunge to the ground.