The RAVE Contract Funding Rate on Binance Switches from Negative to Positive, Resulting in $48.62 Million in 24-Hour Contract Liquidations Across the Network

BlockBeats News, April 19th, according to HTX data, RAVE dropped below $1, plummeting over 96% in 24 hours. On the Binance platform, the RAVE contract's 1-hour funding rate turned positive, currently at 0.17%.

Within 24 hours, the total liquidation amount for RAVE contracts across all exchanges reached $48.62 million, ranking third in the network, following only Bitcoin and Ethereum. Long positions were liquidated at $26.63 million, while short positions were liquidated at $21.99 million.