RAVE has fallen another 10% in the past 24 hours, continuing its downward trend following last week's sharp sell-off. The decline, though slower, indicates persistent bearish pressure as sellers maintain control. Long liquidations have surged, with approximately $729,000 in long positions wiped out, exacerbating the selling pressure as leveraged buyers are forced out. Open Interest has decreased by 13%, highlighting a reduction in market participation and confidence. This decline suggests that traders are retreating rather than engaging, leaving RAVE in a precarious position. The ongoing bearish trend is likely to persist until liquidations subside and Open Interest stabilizes, indicating that the market remains vulnerable to further declines.