RAVE sees the third-highest liquidation amount in the last 24 hours, following Bitcoin and Ethereum, while the open interest drops significantly during the same period

BlockBeats News, April 18, according to Coinglass data, with RAVE once again surging above $27, the total liquidation of the coin across the network in the past 24 hours reached $20.64 million, ranking third after Bitcoin and Ethereum. Among them, short positions were liquidated at $18.34 million, with the largest single liquidation at $161,500.

It is worth noting that despite the sharp rise in the token price again, the total open interest of RAVE across the network has experienced a sharp decline. As of the time of writing, the open interest of RAVE has dropped to 25.4885 million coins (coin-based), a decrease of 83% from the peak level of 150 million coins on April 11.

BlockBeats reminds users that the prices of related tokens are very volatile, and users should invest with caution.