Michael Novogratz

RAVE fell below $9, down more than 50% intraday.

ZachXBT: Shorting tokens with high levels of control by a small number of people is not recommended.

Nearly $30 million in liquidations occurred across the network in the past hour, with RAVE liquidations exceeding those of BTC.

Analysis: Bitcoin fell back to $76,000 due to the ongoing tensions in the Middle East; the renewed closure of the Strait of Hormuz triggered market volatility.

Next Week’s Macro Outlook: US-Iran Talks, Fed Signals and Oil Prices to Drive Markets

RAVE briefly fell by more than 50%, currently trading at 10.9 USDT.

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