On April 28, according to market data, ALPACA briefly dropped 53% in the early morning, currently trading at $0.1781.
According to Coinglass data, in the past 12 hours, ALPACA liquidations across the network totaled $5.89 million, with long position liquidations at $2.05 million and short position liquidations at $3.84 million. During the same period, BTC liquidations were $7.11 million. Currently, the funding rates for ALPACA contracts on mainstream CEXs still indicate a bearish market sentiment, with a total network contract open interest of $47.21 million, and the total ALPACA contract trading volume in the past 24 hours reaching $3.188 billion.
