RAVE Funding rate has dropped to 0.5 Open interest has also come down a bit Long and short positions are almost balanced now In the past 4 hours: 52.72% short, 47.28% long The shorts are starting to surrender quite a bit We’re not far from the top But this might be the second wave of short traps. Once the shorts pile up enough, There could be a third wave pump After all, 97% of the supply is controlled, And with explosive attention and hype, They’ll definitely take the chance to unload a big wave.