《Contract Algorithm Scythe: The Squeeze and Harvest Before Alpaca Delisting, and the Paradoxical Outcome of Perpetual Contracts》 (Author: @agintender) In April 2025, Binance announced the delisting of Alpaca Finance (ALPACA), leading to a market consensus of 'inevitable zero,' with short positions heavily concentrated. Whales manipulated prices using low-market-cap spot trading, creating 'financial torture' with an hourly ±4% funding rate, triggering cascading liquidations and a liquidation waterfall. ALPACA's price skyrocketed over 2,000% within 24 hours, only to collapse rapidly after the delisting. This event highlights the structural fragility of low-liquidity perpetual markets: rules and strategies outweigh fundamentals. Read the full article: https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=47636