#数字资产市场洞察 AAVE suffered a Whale dumping, with a nearly 10% fall within an hour.

The market on December 22 directly reflected its weakness. A certain top on-chain address sold about 230,000 AAVE in a single transaction, equivalent to around 37.6 million USD, which forcibly pushed the price down to around 162 USD. This wave of selling pressure came very suddenly and was a typical "stop-loss" liquidation—on-chain data shows that this seller exchanged AAVE for stablecoins and ETH, resulting in a clear loss on the books. Market sentiment cooled down for a moment.

However, the story is not so pessimistic. On-chain balance monitoring has found that the outflow of AAVE from exchanges is increasing, while the holdings of the top 100 addresses are actually rising. This indicates that many large holders are accumulating at low levels, and those who are planning for the long term are still quietly building their positions.

From a technical perspective, it's more straightforward: $160–$165 is the key support range. If the daily line falls below this range, the next resistance level is $145–$150. The RSI indicator is still hovering around 40; a rebound requires cooperation from trading volume, otherwise, it is likely to come under pressure again.

Overall, the short-term trend is indeed weak, but AAVE currently seems more like it is consolidating its positions. Whales are washing the market, and there is a turnover; the fluctuations at this stage are actually normal.