🐳 The giant whale strikes, AAVE instantly retraces nearly 10%
On December 22, a whale address dumped about 230,000 AAVE #AAVE (≈37.6 million USD) in one go, directly bringing the price down to around 162 USD. A short-term selling pressure erupted, and market sentiment noticeably cooled down📉.
On-chain data shows that these AAVE were exchanged for #STETH and #WBTC , indicating a somewhat "urgent" sell-off, and there were even significant losses on paper💥. However, not all whales are fleeing—this month, there are still large holders continuously accumulating during the downturn, with the holdings of the top 100 addresses increasing and exchange balances decreasing, signifying that the long-term outlook is not pessimistic.
From a technical perspective, 160–165 USD is a key defense line. If it loses this level on the daily chart, it may drop to 145–150 USD. The RSI remains around 40, and a rebound requires volume support.
The short-term outlook is weak⚠️, but the fundamentals still hold strong, as AAVE is currently in a "volatile handover period".
