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🪐 AAVE’s painful unwind flags deeper Aave‑depression. Multicoin just shifted $150k AAVE to OTC, trying to cut losses after buying 338k at $218 while the token trades near $96, leaving a $40 million paper hole. At the same time liquidations wiped out $224k of longs, shorts stayed almost untouched, and open interest slid 6.75% to $278 m, underscoring a market that’s no longer willing to chase a bottom.
🕸️ The asymmetry shows bulls forced to absorb sell‑offs from institutional wallets, a pattern we saw in the late‑2023 ETH correction when funding turned sharply negative. With risk‑on appetite fading, the broader crypto backdrop—BTC’s sideways range and ETH’s modest rebound—offers little catalyst to revive AAVE’s momentum. I’m leaning bearish; the price needs a clear upside trigger beyond generic market recovery to justify a swing back.
👁️🗨️ If AAVE cannot shed its loss‑laden inventory soon, the downward pressure will likely outlast any short‑term rally in BTC or ETH.
⚠️ Personal analysis only. Not financial advice. DYOR.
#SamsungLaborTalksCollapse #CLARITYActClears15to9 #MarketOverloadWeek
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