Let's analyze the recent manipulative operations by the $ALPACA market makers, treating retail investors like grass to be harvested! After reviewing, it's all strategies; everyone, keep your eyes wide open.

High-energy timeline throughout:

1️⃣ Starting from April 19, the market makers began secretly stockpiling spot and opening long contracts; remember this date, as it foreshadows everything that follows!

2️⃣ On the 24th, when BN announced the delisting of contracts and spot trading, the market makers immediately made small moves: they first slightly increased the coin price, deliberately letting retail investors 'see the opportunity; it's rising, not falling, six hundred sixty-six'.

3️⃣ On the 25th, they aggressively pumped the price, drawing the attention of retail investors, luring them into buying in while simultaneously encouraging them to short-sell. At this point, the funding rates plummeted to negative numbers; the market makers quietly profited from the fee differences, treating retail investors like ATMs.

4️⃣ On the 26th, when the price reached a new high, the first wave of short contracts directly went bankrupt, and the market makers joyfully collected the first wave of blood money.

5️⃣ On the 27th, they suddenly crashed the market, first harvesting a batch of retail investors, then deliberately allowing the short sellers to 'see hope', attracting more short positions, pushing the funding rates even higher, waiting for the next round of harvesting.

6️⃣ On the 28th, they pumped the price again, washing out the first batch of investors who chased the high, while the second batch of short sellers faced liquidation. The higher the price, the more retail investors felt 'they could profit from shorting', jumping straight into the trap.

7️⃣ On the 29th, they crashed the market again, harvesting another round of retail investors, and even if the short sellers earned a bit of fee over the days, their principal had already lost tremendously, and the crash couldn’t save them.

8️⃣ Here comes the key point! Today (30th), everyone knows about the market makers' operations; they violently pumped the price again, directly pushing it to a historical high, deliberately making retail investors feel 'it can still rise', deceiving the last batch of short sellers into the market. By 5 PM, as the delisting approached, the market makers will directly crash the floor, completing the final harvesting and leaving with the retail investors' money!

The entire process is a textbook calculation of human nature: greed, luck, the desire to bottom-fish... all played out by the market makers. Remember this operation; next time you see a combination of 'sudden price pump + delisting news + funding rate manipulation', run fast and don’t fuel the market makers!