RAVE’s liquidation amount in the past 24 hours ranks only after Bitcoin and Ethereum, with open interest dropping sharply during the same period.
BlockBeats news, on April 18, according to Coinglass data, as RAVE surged again above $27, the total liquidations of this token across the network reached $20.64 million in the past 24 hours, second only to Bitcoin and Ethereum. Among them, short positions were liquidated for $18.34 million, with the largest single liquidation amounting to $161,500.
It is noteworthy that, despite the price surge, RAVE’s total contract open interest across the network has shown a sharp downward trend. At the time of writing, RAVE open interest had dropped to 25,488,500 tokens (in coin terms), down 83% from the peak of 150 million tokens on April 11.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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