$AAVE faces persistent overhead supply as a whale keeps a near $1 million short open 🐻
A large cross-margin short of 10.6K AAVE, entered at $93.8415 and still marked in profit, keeps pressure on the tape. The position signals that a well-capitalized trader is respecting resistance rather than chasing the recent volatility, with the liquidation level sitting far above the market at $277.65. That gap underscores how much room the trade has to absorb noise before any structural damage to the bearish thesis.
What matters here is not the headline PnL. It is the positioning. A trader with this size is typically leaning into liquidity dynamics, not sentiment, and the message is that supply is still being defended above spot. Retail traders tend to read every bounce as a reversal, but larger books often wait for failed reclaim attempts, weak follow-through, and crowded long positioning before pressing shorts. If AAVE cannot convert the recent noise into sustained acceptance higher, the path of least resistance remains toward lower liquidity pockets.
Entry: $93.8415 🔥
Stop Loss: $277.65 🛑
Risk disclosure: This is market commentary only and not financial advice. Crypto assets are highly volatile and can move sharply against positioning.
#AAVE #CryptoTrading #Altcoins #OnChain
