An incredible liquidation hunt just took place on Binance.
Someone was short 4-8m of ALPINE.
A group of traders who somehow knew or predicted this persons liquidation price, pumped ALPINE by 1500% to liquidate them, robbing 30m USD.
They then dumped their entire position, sending ALPINE down by another 78%.
This was entirely PVP and only possible because the shorters liquidation price was somehow leaked. Not sure if Binance knew their liquidation data, or if it was just predicted based on OI / taker data.
Either way both Binance and the liquidation hunter made a huge amount of money off this entity.
https://x.com/ArthuronHL/status/1973422866092925162