$ALPACA Think about it, if the dog owner wants to crash the market, he has too many chips, and it would break through all at once. So how can he maximize his profits? By waiting for the platform to enforce liquidation when it gets delisted, this way he can make a hefty profit without crashing the market.

Then he can crash the spot market again and profit twice.

Another possibility is, during the liquidation, he can use his large amount of chips to instantly drop it to zero, which is easier for the dog owner than pulling it up. If he pulls it up at the last moment, it's likely that he won't be able to offload his bad assets, so the probability of pulling it up is low.

In summary, there are two possible scenarios:

1. High-level sideways waiting for the platform’s forced liquidation.

2. At the last moment, relying on his chip advantage to instantly crash it.

Operational advice: If the liquidation moment is at a high level, consider shorting a position. If it's at a low level or neither high nor low, then do not participate.