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Sign InThe collapse of RaveDAO (RAVE) has intensified beyond 95% as total crypto market capitalization slid to $2.58 trillion and Bitcoin (BTC) retreated to $76,000. The market narrative has shifted following the liquidation of at least $139.77 million in leveraged positions across major exchanges in the last 24 hours. Short liquidations are currently dominating the market, triggered by an abrupt short-squeeze in Solana (SOL). This volatility coincides with heavy selling in meme tokens and geopolitical tensions in the Strait of Hormuz impacting global risk sentiment. Ongoing investigations into market manipulation continue to fuel caution and selling pressure across the digital asset space.