Jack's Market Commentary at Noon:

RAVE surged violently from 0.45 to 1.9, is this a revival or just a fleeting glow?
My view is very clear: it's exactly like an STO, a typical short-term rebound driven by a short squeeze, only a short-term market correction caused by short sellers being forced to cover, and it will continue to decline sharply afterward.

The essence of this rebound is just technical correction after a big drop plus short-term capital game, with no substantial improvement in fundamentals.
The chips are highly concentrated in a few addresses, with no real value backing, so no matter how fierce the rise, it's just an illusion.

Two core points of logic:

1. Short sellers being forced to cover is the main driver of the rally.
When RAVE dropped to around 0.48, the market accumulated a huge amount of short positions.
After the price stopped falling and rebounded, short sellers were forced to close their positions and buy in, creating a short squeeze in the short term.
Nearly $19 million worth of shorts were liquidated, which is the real driving force behind the rise.

2. Oversold rebound + small market cap, volatility greatly amplified.
RAVE plummeted over 96% from a high of 27.88, inherently having a strong oversold rebound demand.
Plus, the actual circulating supply is only 24.8% (about 248 million tokens), with weak market absorption, so a small amount of capital can trigger huge fluctuations, and the rebound magnitude is forcibly exaggerated.

#GatePreIPOs首发SpaceX #Gate13周年现场直击 #比特币反弹 #香港证监会发布新监管框架