RAVE 24-hour liquidation volume exceeds $20M, position volume drops 83%

KuCoinFlash

Release Time: 04/18/2026 02:36:51

Summary

According to Coinglass data on April 18, RAVE’s 24-hour trading volume reached $20.64 million. Short positions totaled $18.34 million, with the largest liquidation amounting to $161,500. Despite a price increase above $27, the total futures position volume dropped to 25.4885 million tokens, an 83% decline from the April 11 peak of 150 million. Trading volume remains volatile as traders adjust their positions.

BlockBeats news, on April 18, according to Coinglass data, as RAVE surged again past $27, the total liquidations for the token over the past 24 hours reached $20.64 million, ranking third after Bitcoin and Ethereum, with $18.34 million in short positions liquidated and the largest single liquidation amounting to $161,500.

Notably, despite the recent surge in token price, the total open interest for RAVE contracts across the network has shown a sharp decline. As of press time, RAVE open interest has dropped to 25.4885 million tokens (in coin denomination), a 83% decrease from its peak of 150 million tokens on April 11.

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