The RAVE Contract Funding Rate on Binance Switches from Negative to Positive, Leading to $48.62 Million in Liquidations Across the Network in the Past 24 Hours

BlockBeats News, April 19th, according to HTX data, RAVE fell below $1, with a more than 96% drop in 24 hours. The Binance platform's RAVE contract saw its 1-hour funding rate switch from negative to positive, currently at 0.17%.

The total 24-hour liquidation amount for RAVE contracts across all platforms reached $48.62 million, ranking third in the overall network, following only Bitcoin and Ethereum. Of this amount, long liquidations were $26.63 million, and short liquidations were $21.99 million.