In-Depth Analysis of ALPACA's Wild Movements Today: What Traps Did the Major Players Set at $0.20?

Brothers, keep a close eye on ALPACA, this volatile coin! This morning, a spike drove the price directly to $0.20396, with a 24-hour volatility reaching 14.85%. However, if you look closely at the order book, you'll notice something fishy—at 3 AM, a sudden buy order of $2 million pushed the price to $0.21, only to be followed by a sell-off half an hour later. It’s clear that the market manipulators are employing the old trick of "pump and dump."

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Current price: $0.20407, 24-hour real increase: 9.8%

Perpetual contract funding rate: -0.03%, indicating that the bears have started to bet against it.

On-chain whale addresses transferred 800,000 ALPACA to Binance early this morning, valued at over $160,000.

Why the sudden volatility?

​​Riding the wave of altcoin season​​: BTC is hovering around $63,000, and capital is flooding into low-market-cap coins, naturally attracting attention to ALPACA, a lending protocol with a TVL just breaking $300 million.

​​Mysterious moves by the project team​​: This morning at 8 AM, they announced a liquidity mining partnership with the GRAIL protocol in the Arbitrum ecosystem, with an annualized yield soaring to 187%, causing a rush of yield farmers to flood in.

​​Contract battlefield slaughter​​: Currently, there are liquidations worth $500,000 clustered around the $0.20 level, indicating that market manipulators are clearly playing the "drawing a door" game.

​​Aggressive strategy​​:

The aggressive camp is placing buy orders at $0.198 (strong support at the 20-day moving average), with stop-loss set at $0.192.

The conservative camp is waiting for a breakout above $0.21 to chase the rally, and must take profits at $0.235.

Avoid holding onto losing positions! ALPACA's contract open interest has surged by 300% compared to yesterday, which clearly indicates a potential for liquidating both long and short positions.

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