RAVE is sliding again. CoinDesk points to a sharp drop of roughly 10% alongside market stress.
The key signals are liquidation activity and Open Interest. CoinDesk says liquidations rose sharply. That typically means traders got forced out, which can intensify downside momentum.
CoinDesk also highlights fading Open Interest. In plain terms, fewer positions are being added or held at the same time that prices weaken. CoinDesk frames this as a sign of continued bearish pressure.
That combination, per the same source text, is why the desk describes “what’s next” as still skewed to the downside. Still, liquidation bursts can be noisy. Assets face risk, and neither liquidations nor Open Interest alone guarantees how far a move will extend.