RAVE(RAVEUSDT) recently rose by over 70%, topping the rise leaderboard, but the market data suggests caution.

The most intuitive signal is that the funding rate remains positive, yet the trading volume has not correspondingly increased. What does this usually mean? Either retail investors are hesitant to open short positions, or the scale of chips accumulated by the big players at the bottom is beyond imagination.

From the real market operations, five altcoins have been opened recently, with one stopping loss and the other three just barely gaining some profit before being directly hit by the stop profit. Only RAVE at this position can withstand all losses. Behind this reflects a typical ignition pump — accelerating liquidity inflow, but deliberately not giving retail investors the opportunity to follow.

The critical moment has arrived: when the price starts to consolidate at a high level, or when retail investors are repeatedly cut and can no longer stand it and start to close their positions, especially when the funding rates move to extreme negative numbers and long positions surge, the moment of a double explosion of long and short positions is approaching.