$alpaca Dog Trader Strategy:

First, it can be confirmed that the delisting news was known to the trader in advance, and they established long positions beforehand. In terms of strategy, they quickly crash the market using the 15 minutes after the news is released, eliminating long positions, then rapidly push the price up to a high level and consolidate, making retail investors afraid to follow with long positions. The trader will then watch the price orders; once there are short orders, they will quickly push the price up again, trapping the short sellers while slowly rising, cutting losses, and forcing them to add margin, gradually consuming the short's margin. Once the trader sees no short presence on the order book (meaning all available funds of the short sellers have been exhausted), they will rapidly push the price up in a short time, exploding the shorts to gain excess liquidity, while simultaneously closing their long positions and exiting. After that, the market starts to reverse, the trader establishes short positions, and heavily dumps spot, then the script continues with harvesting the longs, at which point most longs die trying to support the bottom.

During the process of pushing the price up/down, Binance will cooperate by releasing positive/negative news,

the shortening of the funding fee collection time is a positive signal, with the extreme being once every hour at -3%. Typically, the exchange's strategy is to change from 8 hours to 4 hours, then from 4 hours to 2 hours, and 2 hours to 1 hour, including changing the upper limit of funding fees from -2% to -3%. Binance will release positive news four times in total, along with changes to the position limits as further positive signals. Once the trader has finished harvesting, they will quickly revert to 8 hours and lower the position limits.

In fact, the @Alpacafinance project team is also quite cunning, deliberately releasing news about a large unlock in advance to trick retail investors into shorting $alpaca, thereby providing liquidity to the trader, serving as fuel in the price-pushing process, with the shorts burning themselves, allowing the trader to thrive.

Before the market shows a reversal, theoretically, the losses for shorts can be nearly infinite, so shorts are like toys in front of the trader, and the most taboo operation is to add positions to raise the price of short orders, which only provides fuel for the trader, allowing the price to rise even higher.

In fact, while the trader's coin appears to have huge gains, retail investors find it very difficult to make money because every step of your operation is within the trader's calculation range. It is impossible to beat the trader; to make money, one must learn to follow the trader, which is also the reason why large funds only play BTC.