$AAVE whale’s cost basis turns into resistance as the position stays underwater 🧊
A large holder accumulated 25,000 AAVE across two tranches at $115.60 and $121.68, lifting the blended cost to roughly $117.44. The position, funded with nearly $2.94 million, is now worth about $2.36 million, leaving an unrealized loss of roughly $570,000. AAVE briefly reached $123 after the first purchase, but it has not since reclaimed the second entry zone, leaving a well-defined overhead supply pocket.
The market is not just trading a whale loss; it is trading the liquidity signature that loss creates. Size bought into strength tends to become a reference level for order flow, and that reference often attracts supply before it attracts a clean rebound. Retail reads the headline loss. Institutions read the inventory overhang. For $AAVE, the key question is whether bid-side depth can absorb that trapped supply and force a structural reclaim; until then, the whale’s cost basis remains a magnet for mean reversion rather than a reliable springboard.
Entry: 121.68 🎯
Target: 123.00 🚀
Stop Loss: 115.60 🛡️
This is not financial advice. Crypto assets are volatile and can move sharply against any position.
#AAVE #DeFi #CryptoMarkets #WhaleWatching
