Analysis: Wild Altcoin RAVE Sees ‘Whale’ Manipulate Spot Price with Contract Reaping, Surges Over 20x in 5 Days

April 13th: Per Lookonchain monitoring, the address starting with 0x3386 has opened a 25x short position on 6,700 ETH (roughly $14.71 million). The entry price is $2,209.38, with a liquidation price of $2,218.7 — meaning the position will be liquidated if ETH rises by just ~$9. At press time, the position’s unrealized profit stands at $115,100.

On April 13, Li Xiaohua—founder of Liquid Capital (formerly LD Capital)—noted that peace talks typically shift from discord to consensus. Amid current conditions, incentives for all sides to keep fighting are fading, and the conflict is gradually moving toward resolution. “Whether the conflict drags on until neither side has reason to fight, or parties hold out waiting for a rebound without locking in profits, the moment an agreement is reached will be a bullish candlestick,” he said. He also noted that medium-to-long term, markets are broadly bracing for a potential large-scale financial crisis. Defensive positioning has emerged on the capital side: large investors are holding high cash balances, and sovereign entities are ramping up gold holdings. A fresh crisis in this scenario would be a critical test of Bitcoin’s safe-haven credentials—and could also present key buying opportunities at lower levels. Additionally, Li says AI is unlocking a new wave of opportunities for top

April 13: Hong Kong Financial Secretary Paul Chan said the city is taking a “small-step-fast-walk” approach to stablecoin regulation—starting with a small number of licenses, which require applicants to have real-world use cases. A second batch of licenses will be issued after rolling out the first and learning from the experience. Chan noted stablecoins and digital assets fall under financial innovation, so the city must balance encouraging growth with managing risks—including anti-money laundering (AML) rules and other regulatory safeguards. He emphasized stablecoins offer decentralization and efficiency benefits but are fundamentally payment tools, not investments. Additionally, Chan said given the current international backdrop and security landscape, Hong Kong must stay highly vigilant, pursuing “active defense” by boosting its financial market competitiveness and global reach. The government and financial institutions have set up a 24/7 cross-market monitoring system to kee

April 13: As BTC saw a slight retracement today, HYPE rebounded above $41, per data from HyperInsight monitoring (via their Telegram channel @HyperInsight). A whale that has long profited from a BTC long strategy—whose “long BTC, resilient to altcoin price drops” play is once again under pressure—has recorded $1.9M in outflows this week. Current holdings for the address (0x939f95036d2e7b6d7419ec072bf9d967352204d2): - BTC Long (40x leverage): Position size = $30.06M, average entry price = $70,557 - HYPE Short (5x leverage): Position size = $23.03M, average entry price = $38.93 The whale began building positions during HYPE’s last surge, completing its full position by March 20 with a total size of ~$53M. Since establishing the positions, the net loss across both is ~$1.32M; the combined position remains unprofitable.

**Asia Stocks Extend Gap Down-Recovery Trend on April 13** Asia stock markets continued their “gap down-recovery” pattern on Monday, April 13. Japan’s Nikkei 225 and South Korea’s KOSPI both opened sharply lower, but losses quickly narrowed. Since the Iran conflict escalated, Monday’s pullback has seen shrinking magnitude—falling from nearly double-digit declines to the current mild range—signaling reduced market sensitivity to geopolitical conflict impacts. From a trading lens, the “Trump Model” is being systematically priced in: Each week, it creates uncertainty via policy signals or tough statements; over the weekend, it eases positions or claims an “outcome victory” to repair expectations, pushing risk assets higher. After repeated confirmation under this framework, appetite for trading early-week volatility has faded, selling pressure has eased, and volatility patterns are trending toward convergence.

**April 13 – Market Update** WTI crude oil jumped nearly 10% Wednesday, recouping most of last week’s losses. It was last trading at $104.88, per Bitget market data. **News Break: U.S.-Iran Talks Collapse; Trump Announces Blocking Measures** U.S.-Iran negotiations have collapsed. Former President Trump stated: “Due to Iran’s actions in the Strait of Hormuz, the entire world is relying on the U.S. for oil. Tomorrow at 10 a.m. ET [corresponding to 10 p.m. Beijing time tonight], we will implement blocking measures. Other countries are also working to ensure Iran cannot sell oil—the effect will be excellent! Many ships are heading to the U.S. to refuel before departing to transport oil, so they won’t pass through the Strait of Hormuz. This issue will eventually be resolved.” He added: “The whole world depends on the U.S. Thanks to the ‘drill, baby, drill’ campaign, our oil reserves have grown—they’re now larger than the combined total of Russia and Saudi Arabia. Right now, sh