RAVE breaks through $27, with over $161.5k in liquidations! Open interest drops sharply by 83%. RAVE recently surged again, breaking the $27 mark and successfully igniting market sentiment. In the past 24 hours, the total liquidation amount across the network reached $20.64 million, second only to Bitcoin and Ethereum. Notably, short positions accounted for the majority of liquidations, reaching $18.34 million, with the largest single liquidation at $161.5k. However, despite RAVE's price soaring, the total open interest across contracts on the network has shown a sharp decline. As of the time of writing, RAVE's open interest has fallen to 25.4885 million tokens (coin-margined), a decrease of an astonishing 83% from the peak of 150 million tokens on April 11.

April 18th Ethereum real-time updates