羊駝金融（羊駝）以低令人jaw目的的價格漲幅使加密貨幣市場充滿電氣

這次迅速上升的伴隨著24小時的交易量約為2.78億美元，它通過分散的金融（DEFI）生態系統造成了衝擊波，引發了交易者，分析師和投資者的熱烈討論。

In the rapidly shifting landscape of cryptocurrencies, a staggering 600% surge by Alpaca Finance (ALPACA) has sent shockwaves through the decentralized finance (DeFi) ecosystem. The token, known for its leveraged yield farming protocol on the BNB Smart Chain, experienced an astounding price rally, catapulting its value from $0.20 to $1.03 in a single day.

在加密貨幣的迅速轉移的景觀中，羊駝金融（羊駝）的驚人600％激增通過分散的金融（DEFI）生態系統造成了衝擊波。該代幣以其BNB Smart Chain上的槓桿收益式農業協議而聞名，經歷了驚人的價格集會，其價值從一天內從0.20美元躍升至1.03美元。

This meteoric rise, accompanied by a 24-hour trading volume of roughly $278 million, has sparked fervent discussions among traders, analysts, and investors. Social media platforms are abuzz with speculation, with some hailing the rally as a “textbook short squeeze” while others allege market manipulation by major exchanges.

這次迅速崛起的伴隨著大約2.78億美元的24小時交易量，引發了交易者，分析師和投資者的熱烈討論。社交媒體平台充滿了猜測，有些平台將集會作為“教科書短擠壓”，而另一些人則通過大型交流指控市場操縱。

As a professional journalist covering the volatile world of cryptocurrencies, this article provides a comprehensive analysis of ALPACA’s unprecedented pump, exploring the catalysts, market dynamics, technical indicators, and broader implications for investors navigating this high-stakes landscape.

作為一名專業記者涵蓋了加密貨幣的動盪世界，本文對羊駝的前所未有的泵進行了全面的分析，探索了催化劑，市場動態，技術指標，以及對投資者的廣泛影響，以瀏覽這種高賭注景觀。

The Spark: Binance Delisting and the Short Squeeze

火花：binance deasting和短擠壓

火花：binance deasting和短擠壓

The catalyst for ALPACA’s explosive move appears to be Binance’s unexpected announcement of the token’s delisting, scheduled for May 2, 2025. Typically, delisting news triggers panic selling, as investors fear diminished liquidity and reduced exchange access, leading to a sharp price decline.

羊駝的爆炸性舉動的催化劑似乎是Binance意外宣布的令牌，該宣布是由2025年5月2日定於2025年5月2日的Deasting。通常，由於投資者擔心流動性降低並降低了交易訪問，導致價格下降，導致價格急劇下降，因此，新聞觸發了恐慌銷售。

However, in a surprising turn of events, saw a wave of short-sellers being liquidated as the market turned against them, with the token’s price surging despite the delisting announcement. According to posts on X, the delisting news incited a large volume of short-selling, as traders bet heavily on a price drop.

但是，在發生令人驚訝的事件中，隨著市場對付市場的轉向，一波賣空者被清算了，儘管宣布了這一消息，代幣的價格仍在上漲。根據X上的帖子，由於交易員大量賭注下降，因此，這一新聞煽動了大量的短售貨。

This activity is evident in the significant liquidations on Deribit, a major options exchange, where over $15.6 million in short positions were liquidated on a single exchange, as reported by @ValeriusLabs.

正如@ValeriusLabs報導的那樣，在主要期權交易所的Deribit（主要期權交易所）的大量清算中很明顯，在單一交易所中清算了超過1,560萬美元。

This event, known as a short squeeze, occurs when a rapid price increase forces short sellers to buy back the asset to cover their positions, further amplifying upward momentum.

當價格快速提高賣空者以回購資產以覆蓋其頭寸，進一步擴大了向上的動力時，這一事件被稱為短暫的擠壓。

The mechanics of this squeeze are rooted in ALPACA’s low liquidity, a common trait among smaller-cap tokens. With a circulating supply of approximately 150.46 million coins and a market cap of $26.53 million prior to the surge, ALPACA was primed for extreme volatility.

這種擠壓的機制植根於羊駝的低流動性，這是較小CAP代幣之間的常見特徵。在湧現之前，由於循環供應約1.504億個硬幣，市值為2653萬美元，因此羊駝的極端波動為止。

As @BullByte0 explained on X, savvy market participants—often referred to as “whales”—may have capitalized on this by opening large long positions at the bottom, pumping the spot market, and triggering liquidations to profit from both price gains and high funding rates.

正如 @buldbyte0在X上解釋的那樣，精明的市場參與者（通常稱為“鯨魚”）可能通過在底部開設大型長位，泵送現貨市場，並觸發清算以從價格上漲和高資金率中獲利，從而利用了這一點。

Open interest (OI) data further supports this narrative: despite the price surge, saw a decline in OI, indicating “passive liquidations” rather than fresh capital inflows, according to @labor45647. This suggests that the rally was primarily driven by forced buybacks rather than organic demand, a hallmark of a manipulated or highly speculative move.

開放興趣（OI）數據進一步支持了這一敘述：儘管價格飆升，但OI下降了，表明“被動清算”而不是新的資本流入。這表明集會主要是由強迫回購而不是有機需求驅動的，這是操縱或高度投機的舉動的標誌。

The delisting announcement from Binance, the world’s largest cryptocurrency exchange, created a perfect storm, transforming what could have been a death knell for ALPACA into a speculative frenzy. Binance’s decision to delist ALPACA—along with other tokens—appears to have inadvertently fueled this extraordinary rally.

全球最大的加密貨幣交易所Binance的宣布是一場完美的風暴，將羊駝的死亡喪鐘變成了投機性的瘋狂。 Binance決定與其他代幣一起使用Delist羊駝（Delist），以無意中的方式推動了這一非凡的集會。

While some X users, like @Cryptoo_Gemz, allege that Binance may have been orchestrating the pump to maximize trading and liquidation fees, such claims remain unverified.

雖然某些X用戶（例如@Cryptoo_Gemz）聲稱binance可能一直在策劃泵以最大程度地提高交易和清算費，但此類索賠仍未得到證明。

Regardless, the short squeeze underscores the high-risk, high-reward nature of trading low-cap altcoins, particularly in the face of major exchange actions.

無論如何，短暫的擠壓突顯了交易低股山寨幣的高風險，高回報的性質，尤其是面對重大交換行動。

Technical Analysis: Signals of Momentum and Overbought Risks

技術分析：勢頭和超買風險的信號

技術分析：勢頭和超買風險的信號

Technical indicators provide critical insights into ALPACA’s price action and potential trajectory. The Moving Average Convergence Divergence (MACD) displayed a bullish golden cross, signaling sustained upward momentum, as noted by @AlvaApp on X.

技術指標為羊駝的價格行動和潛在軌跡提供了關鍵的見解。如@alvaapp在X上指出的那樣，移動平均收斂差異（MACD）顯示了一個看漲的金十字，信號持續了向上的動力。

This bullish signal, combined with a sharp increase in trading volume, reflects strong market participation during the rally. However, the Crypto Relative Strength Index (CRSI) flashed warning signs, indicating extreme overbought conditions with a reading well above 70.

這個看漲信號，加上交易量的急劇增加，反映了集會期間的強大市場參與。但是，加密相對強度指數（CRSI）閃爍了警告標誌，表明讀數超過70，讀數過高。

Such levels usually precede short-term corrections, as speculative fervor gives way to profit-taking. The Fear & Greed Index, a barometer of market sentiment, likely shifted toward greed as fear of missing out (FOMO) gripped traders witnessing ALPACA’s rapid ascent.

這種水平通常是在短期更正之前的，因為投機性的熱情讓他取得了盈利。恐懼和貪婪指數是市場情緒的晴雨表，可能會轉向貪婪，因為害怕錯過（FOMO）的交易者目睹了羊駝的迅速上升。

On X, sentiment is polarized: bullish traders celebrate the rally’s potential to push ALPACA toward $2 or higher, while bears, like @labor45647, warn of an imminent crash, citing the rally’s reliance on liquidations rather than fundamental demand.

在X上，情緒是兩極分化的：看漲的商人慶祝集會將羊駝推向2美元或更高的潛力，而熊（例如 @Labor45647）如迫在眉睫的撞車事故，以此為由，理由是集會對清算的依賴而不是基本要求。

The high funding rates for short positions, highlighted by @AndrewGriUK, further exacerbated the squeeze, making shorting ALPACA prohibitively expensive and forcing bears to capitulate.

@andrewgriuk強調的短職位的高資金率進一步加劇了擠壓，這使短路羊駝變得昂貴，並迫使熊屈服。

From a chart perspective, ALPACA broke through key

從圖表的角度來看，羊駝破裂了