According to Odaily Planet Daily, OKX data shows that RAVE briefly fell below $9, currently trading at $9.4, a drop of over 50% within the day.

According to Odaily Planet Daily, blockchain detective ZachXBT stated on social media that he does not recommend shorting tokens that are highly controlled by a small number of insiders.

In the past hour, total liquidations across the network reached $27.02 million, with $22.39 million from long positions, with $4.63 million from short positions. BTC liquidation $6.49 million, ETH liquidation $4.93 million.

According to data from Coingales, as reported by Odaily Planet Daily, $29.3224 million in positions were liquidated across the entire network in the past hour, with $24.1984 million in long positions and $5.124 million in short positions. Additionally, $7.6837 million in RAVE and $7.2747 million in BTC positions were liquidated in the past hour.

According to Odaily Planet Daily, Bitcoin prices have fallen back to approximately $76,000 due to the fluctuating situation in the Middle East. Previously, Iran's announcement of opening the Strait of Hormuz triggered a surge in risk assets and a massive short squeeze, but the subsequent closure of the strait caused a rapid reversal in market sentiment. Data shows that this round of price action triggered one of the largest liquidation events since 2026, with approximately 168,336 traders liquidated, totaling $762 million. Short positions accounted for approximately $593 million, nearly three-quarters of the total. During the upward phase, crude oil prices fell by nearly 10%, pushing Bitcoin above the key resistance level of $76,000 to $78,000; however, as the Strait of Hormuz returned to military control, several oil tankers turned back, risk aversion increased, and prices subsequently fell. Structurally, this rise was driven by a long-term negative funding rate, with short sellers continuously paying long positions, accumulating conditions for a squeeze. Despite the short-term pullback, Bitcoin still maintains a weekly gain of approximately 4.5%, while Ethereum and other mainstream assets have performed relatively more steadily. Market focus is now shifting to the key support level of $76,000. A weekly close above this level could maintain the breakout structure; a break below could see the price return to the trading range that has existed since March. (CoinDesk)