On April 30, the cryptocurrency exchange Gate.io experienced dramatic market fluctuations, with the ALPACA perpetual contract price plummeting over 50% in just ten minutes, reaching a low of $0.4337. This sudden flash crash raised concerns among traders closely monitoring the market. Currently, the ALPACA contract has gradually rebounded, with a price of $0.7476. In contrast, the spot price of ALPACA on the same platform is $1.20. Observations indicate that there are price discrepancies across different exchanges, with Binance reporting the ALPACA perpetual contract price at approximately $1.13, while the spot price hovers around $1.06. This discrepancy underscores the importance of real-time data and effective risk management strategies for investors seeking direction in the turbulent cryptocurrency market.
