The mandatory delisting of ALPACA caused the price to surge 12 times! Behind it all are whale maneuvers!
The delisting news triggered panic, retail investors rushed to short, while whales opened massive long positions, aggressively profiting from contract fees and pushing up spot prices. Before the contract liquidation, prices skyrocketed, and after the contract was delisted, whales sold off at high prices, harvesting all the gains!
Don't easily short before the delisting; after the delisting, the spot market is the real trap!