Huo Xing Finance reports that, according to Coinglass data as of April 15, RAVE experienced $30.6 million in liquidations over the past 24 hours, ranking second only to BTC and ETH, with $6.93 million in long positions and $23.67 million in short positions liquidated. Currently, RAVE’s average funding rate across major platforms stands at a high -1.3695%, and as the price continues to rise, an increasing number of investors are opting to short the asset.
RAVE liquidation volume reaches $30.6M, second only to BTC and ETH
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Summary
RAVE's liquidation volume reached $30.6 million on April 15, trailing only BTC and ETH. Short positions accounted for $23.67 million in losses, while longs experienced $6.93 million in liquidations. The average funding rate is -1.3695%, as rising prices prompt traders to adjust their risk-to-reward ratios. Key support and resistance levels are now under close watch amid sustained high volatility.
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