$ALPACA has ended, the spot market is being directly smashed, everything is as expected, it's specifically targeting Binance's short sellers. A similar script occurred with BNX, so this time I dare not short, but am going all in on the long side. Last time before BNX was delisted, there was a crazy surge, and I led my followers to short only to lose out; in the end, even after delisting, it didn’t drop, and I finally understood this kind of trick, so I'm applying it directly this time.
Llama is definitely more aggressive than BNX by several levels, and the washout is even more intense, it's so thrilling. When Llama first bought the spot, its market cap was only 8 million, and after delisting, it peaked at 200 million. Today it liquidated 50 million, plus the automatic liquidation from the short sellers, at least made a profit of 100 million.
During this wave of buying, it was at 0.44, and before I finished typing the post, it shot up to 0.58, and then an hour later to 1.2; the surge was too fast, those daring to charge forward are all warriors. Lastly, a reminder to everyone that the funding rate is above 1%, so do not short, as the main force is currently pulling the market up at the cost of being arbitraged.