RAVE's recent surge is simply unbelievable, increasing over sixty times in a single week, directly becoming a graveyard for bears. The 24-hour liquidation amount has reached third place on the entire network, leaving behind those established mainstream coins, with nearly $24 million in short positions liquidated.

From an emotional perspective, this "if you don't accept it, keep shorting" show has reached its craziest point. The more bears try to top out, the more bulls have fuel to push higher. But seasoned traders know that this kind of vertical rally, if no new shorts come in to trigger liquidations, will lead to a mass slaughter and a free fall.

Currently, the distribution of chips is extremely unstable, with high positions filled with retail traders driven by FOMO. This feeling is all too familiar — is it going to continue violently rising, or is it preparing to put on a high-altitude show for the family?