The smart money wallet has increased its position again—will $RAVE usher in a violent rally?

Recently, a set of intriguing data has appeared in the funding aspect of the RAVEUSDT perpetual contract.
First, let’s look at the big picture: total open interest has reached 36.54 million USDT, and the nominal long-to-short ratio is as high as 381.07%—this means long positions are nearly 4 times the short positions. Market sentiment is clearly leaning bullish.
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More importantly, we should pay attention to the movements of “smart money” and “whales.” Judging by trader groupings, the main long force represented by B1173 currently holds 28.95 million USDT, with an average opening price of 11.5437 USDT. Even though it is still unrealized profit, it already exceeds 5.4 million USDT, with a profit ratio as high as 89.68%. Meanwhile, looking at the short side (such as trader 283 S), the average opening price is 8.6427 USDT, but it is floating at a loss of 2.97 million USDT, with a profit ratio of only 9.54%.
So what does this indicate? The main longs not only have large positions, but they are also in a deep unrealized profit state. Once they decide to keep pushing the price higher, shorts will face enormous liquidation pressure, creating a “short squeeze” effect.
In addition, the net buy and sell flows over the past 24 hours also reveal clues: traders such as B1137 net bought 13.6 million USDT, while the short side’s net sell was 15.66 million USDT, yet the price has not been driven down—indicating extremely strong buy-side absorption power.
Overall judgment: the smart wallet has increased again; the main long positions are solid and their unrealized profits are substantial, while the shorts already look fatigued. If no external negative factors intervene later on, RAVE indeed may kick off a round of accelerated upward momentum.
Of course, risks also need to be kept in mind: a high long-to-short ratio means that once longs take profits, it may also trigger a rapid pullback. But under the current data structure, following the trend to stay bullish remains the main tone of the market.
Quick summary: data doesn’t lie; the footsteps of whales are already getting close to the surface. Will RAVE surge violently? Maybe it’s just that one “boom” away.
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