ALPACA plummeted over 50% early this morning and is now trading at $0.1781.

BlockBeats News, April 28th, according to market data, ALPACA experienced a short-term 53% price drop early this morning, and is now trading at $0.1781.

According to Coinglass data, in the past 12 hours, the entire ALPACA network liquidated $5.89 million, with $2.05 million in long liquidations and $3.84 million in short liquidations. During the same period, the total BTC liquidation across the network was $7.11 million. Currently, major CEXs show a bearish sentiment in the ALPACA perpetual contract funding rate. The total open interest for ALPACA contracts across the network is $47.21 million, and the 24-hour trading volume for ALPACA contracts across the network has reached $3.188 billion.