The team controlling the contract price of #alpaca on Binance definitely has psychological issues, they are super abnormal. They know that doing this can make contract players so angry they might jump off a building. They are extremely malicious, first intentionally spreading rumors about delisting to trick people into shorting, then after two days of shorts being baited, they pull a hundred times increase, and at the highest point trap a bunch of shorts without letting the price drop. Obviously, the spot price has already plummeted, but the contract is still held above 1.1. Before the delisting, the spot price had already fallen below 1 dollar, but the contract deliberately does not drop. When the contract is delisted at the highest point, short positions will be forcibly liquidated. Originally, those short positions could have broken even, but you forced them to be liquidated. Within five minutes after the delisting, it immediately crashed from 1.3 to 0.4, locking in a 50% loss. Not only did they miss out on profits, but they also missed the big drop. How bad do you have to be to come up with such a method to fleece retail investors? This is seriously a psychological issue.
Especially the manipulators working for the exchange who control the coin price, they know every contract player's psychology very well. They also watch my Twitter, see my actual coin trades, analyze my opening strategies, thinking about how to counter me. They are incredibly cunning and extremely intelligent. This round of retail investor slaughter has left them utterly devastated. Those who shorted this coin on Binance have all failed and are furious. After the delisting, the exchange crashed the price. Your contracts had already been liquidated during the delisting. In one week, three coins were announced for delisting to pump and kill shorts. Are they really short on money? Or does Binance have a funding loophole that requires such fleece methods?
This market has no regulation at all. First, OM dropped to zero in a day, even worse than when Luna crashed. Is this the situation of Binance? In the absence of regulation, centralized exchanges will always be a scythe. Since the establishment of Bitcoin in 2008 until now, the development of blockchain projects has become increasingly distorted, all for the final purpose of locking in and fleecing retail investors. Who still remembers the vision of Bitcoin as stated in the white paper? Previously, there were BG data rollbacks, and now Binance is killing shorts without mercy. I remember back in around 2009 when I wanted to buy Bitcoin, I couldn’t find an exchange at all. Now exchanges are everywhere. When something develops to its peak, various forms of corruption will emerge, and then it will slowly disappear. Now centralized exchanges have reached their limit, and in the future, a new entity will emerge to reverse this current distorted situation, leading to a large number of centralized exchanges closing down.