$RAVE This coin, once you dig into the data, it's all a show.

Just look at the liquidation chart and you'll see, 41.73 million dollars exploded in 24 hours, with short positions at 30.68 million, long positions at 11.04 million—what does this indicate? The main players are playing both sides, first pushing to liquidate shorts, then crashing longs, nobody favors anyone.
Looking at the 12-hour chart, 22.93 million with 14.62 million in short positions. In 1 hour, shorts exploded by 490k, longs by 240k—clearly a pattern of first pushing up then crashing down. The price dropped from 12.6 straight to 7.7, with a single spike wiping out 10 million.
What are the main players' costs? Check out the whale data in the chart: 116 profitable positions, average opening price 3.75, floating profit nearly 12 million, still not closed—it's not because they have a big pattern, but because they hold too much, and they can't handle more. Also, 83 losing positions, average price 6.85, floating loss 114,000—these guys chased the high.
The last 30 minutes' data is even clearer: net sell of 670k, net buy only 230k. Who's selling? Those with nearly 50% floating profit. Who's buying? People thinking it’s oversold and trying to catch a rebound.
That massive spike is the main players offloading, retail traders catching the falling knife.
There are only two possible paths ahead:
One is to fluctuate between 7 and 8.5, pulling up and selling off, giving hope then despair.
The other is to crash directly to 6.8-7, forcing longs to stop-loss, then after everyone gets shaken out, pull another wave of trap, and then drift down endlessly.
The current market cap is still 2.7 billion, which seems high, but a large market cap doesn't mean you can make money—only that the scythe is big.
My simple view: entering at this position, whether long or short, is just helping others exit with dignity. Better to sit back and wait until that spike truly stabilizes, emotions cool off, then decide.
The end of a scam coin isn't the moon, but the zeros in your account. #Gate广场四月发帖挑战