🚨 RAVE surges violently past $27! Shorts are "liquidated en masse," but one signal warrants caution

RAVE's recent market activity has exploded again, with the price strongly breaking through $27, and market volatility clearly increasing.

📊 Liquidation data from the past 24 hours:

Total liquidation amount across the network: $20.64 million
Of which, short positions liquidated: $18.34 million
Largest single liquidation: $161.5k

The liquidation scale is second only to Bitcoin (BTC) and Ethereum (ETH), indicating that this rally has significantly squeezed out the shorts.

🔎 But a key data point is changing

Although the price continues to rise, the total open interest of RAVE contracts across the network is decreasing noticeably.

Latest data shows:

Current open interest: 25.4885 million tokens (coin-margined)
Peak on April 11: approximately 150 million tokens
Overall decrease: about 83%

This suggests that as the market rises, a large amount of leveraged capital has exited or been liquidated, and excessive speculation in the market is gradually diminishing.

📈 Market logic

When prices rise but open interest declines, it usually indicates:

Continuous liquidation of short positions
Gradual reduction of leveraged funds
Market structure transitioning from high leverage to a healthier state

Short-term volatility still exists, but the capital structure is changing.

🌱 A message for traders

In the crypto market,
Real opportunities often appear at the most extreme moments of emotion.

When others are driven by emotion,
those who stay rational and understand the data,
are often able to go further. 📊🚀