$RAVE $BTC It has dropped to around 12.

The big whales below have already started to quietly run away—today they withdrew over 20 million USD, quite a bold move, no longer pretending.
Even more interesting, on-chain data shows that the market makers' spot holdings are basically finished, and they opened short positions around 17.
In other words, that previous rally wasn't to make you rich, but to lure you in as an opposing trader.
You thought it was an opportunity, but in reality, it was a trap they set.
What's the current situation?
60% of the short sellers are actually starting to profit, funding rates have also decreased, and spot buying has begun.
Previously, the short sellers were hit hard by high funding rates—many people, even if the price drops back, can't recover that blood loss.
And what about the longs?
Their unrealized profits look substantial, and funding rates are fully paid, but in the eyes of the market makers, they’re just fattened pigs waiting to be slaughtered.
Honestly, raising the cost to push the price higher now is too expensive.
The liquidation price for big players is above 16, and they've already been liquidated long ago.
No new big players are entering to short, and the main forces don’t need to push the price up aggressively.
The most likely scenario now is sideways fluctuation with a downward trend—boiling a frog in warm water.
You’re not being cut down with a single blow; you’re being cooked slowly, bit by bit.