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🚨 WHALE ALERT 🚨 Whale dumps $2.57M AAVE, taking a $1.54M hit 😱.
wait, why is everyone panicking over AAVE?? did a whale really just YEET $1.54 million into the abyss or what
whale sold $2.57M in AAVE suffering a $1.54M loss?? 📉🐋 is this the dip
whale selling $2.57M of AAVE at $165, incurring $1.54M loss, reflects bearish sentiment: intense
Since being rejected at $190 four days ago, AAVE has faced intense downward pressure, dropping to $165. Currently trading at $166, down 10.17%, reflecting bearish sentiments. Amid market collapse, panic selling by investors, especially whales, was observed. Whale orders decreased significantly, with active whales declining in the spot market. An active whale incurred a $1.54 million loss, indicating a lack of confidence in the market and anticipating further losses.
AAVE faced intense selling pressure from whales and retail traders, recording negative buy and sell delta for three days. Significant selling volume surpassed buying volume, leading to a clear sign of aggressive spot selling. Exchange Netflow turned positive after four days, with higher exchange deposits signaling increased downward pressure.
AAVE’s short-term bearish cross with the 9MA crossing below the 21MA indicates strong bearish pressure. The Relative Strength Index (RSI) also showed a bearish crossover, supporting the downtrend. AAVE may break the $160 support and drop to $155 if selling pressure persists. To reverse this trend, closing above the 9 and 21 MA at $178 is crucial for AAVE to reclaim $189 and recover from recent losses.
Whale sells $2.57 million worth of AAVE, suffering a $1.54 million loss
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