After Binance announced the delisting of $ALPACA , the price of this coin suddenly skyrocketed. In fact, this was orchestrated by whales, using quite sophisticated tactics. Let me break down this delisting, which led to a 12-fold increase, and the new listing that dropped by 98%!
First, when the news of Binance's delisting broke, many people thought ALPACA would drop and started to short it.
At this time, those whales directly opened a large number of long contracts, which pushed Binance's fees to the highest level.
Then, these whales began to slowly use the fees they earned to build their spot positions, which gradually increased the spot price.
Meanwhile, their long contracts were also making a huge profit. For them, whether the spot price rises or not isn't that important; what's important is the profits from the contracts, which are much greater than from the spot.
As time went by, the day of delisting approached. On the day of delisting, Binance would automatically liquidate these contracts, allowing the whales to make a substantial profit.
After the contracts were delisted, the spot continued to trade, and at that point, the whales could slowly sell their spot holdings.
So,
First, before the contracts are delisted, the price of ALPACA is likely to keep rising. At this time, don't short it; the price might rise to a jaw-dropping level.
Second, after the contracts are delisted but before the spot is delisted, that period is the window for whales to sell their spot.
With interest rate cuts approaching, I plan to publicly position a trending coin, expecting a tenfold increase in the short term and a hundredfold in the long term. The same market conditions, top strategies, keep up to witness everything.
