I agree, retail investors definitely didn't think Alpaca would drop below 1 dollar, the big players really know how to play the game.

🔶How does alpaca's malicious fund make money?🔶

Alpaca's malicious fund crashed the price by 80% yesterday through spot selling, making it so that no one dared to buy the spot anymore. Then at the bottom, they collected all the spot chips into their own hands, while also opening long positions in contracts. You can't imagine how large their long positions at the bottom were, because today's rates have been consistently positive.

Next comes the display of financial skills; they control the supply and use short squeezes to pump the price. It doesn't matter if retail investors make profits by going long in the meantime, because all the long positions are in their hands. As long as retail investors turn around and go long, they can pump the price to wipe them out. The higher the position, the more short positions there are, providing more fuel for positive feedback. The malicious fund just needs to wait for Binance to force liquidate positions.