From the Fiddler book:
The RAW Inspector replaces any null bytes with the Unicode replacement character (�) and as such can be used to view
binary response bodies, although the HexView remains more suitable for that task. Because displaying large binary
bodies in the textbox can require large amounts of CPU time and memory, the Inspector is configured to automatically
truncate the display of large responses. The threshold at which truncation occurs is controlled by the Content-Type
and four preferences:
- fiddler.inspectors.request.raw.truncatebinaryat
- fiddler.inspectors.request.raw.truncatetextat
- fiddler.inspectors.response.raw.truncatebinaryat
- fiddler.inspectors.response.raw.truncatetextat
By default, binary Content-Types are truncated at 128 bytes, and text types are truncated at 262144 bytes. Truncation
can be disabled using the context menu