$AAVE 's newly released reserve adjustment proposal is expected to bring in an extra $3.5 million a year, but the market isn't buying it at all. $AAVE is currently at $107.7, down 2.81% over the past 24 hours.
The market-wide Fear and Greed Index is only 13—extreme fear. All the money is tied up in hot assets like BTC and TAO, and there's no demand at all for the DeFi sector.
It's perfectly normal that the news didn't drive prices up. Don't make things up about whales dumping—the market sentiment is simply at rock bottom, and even good news is getting hammered.
Here's the practical takeaway: if you haven't gotten in yet, keep your cash and don't rush to buy the dip. If you already have a position, just hold steady. Consider entering in stages once the proposal vote is finalized and there's tangible progress.
By the way, HYPE's USDS-Margined perpetual contract is launching on November 16. If you want to try the new contract, check the rules in advance so you don't trade carelessly and lose money.
Do you think this positive reserve adjustment can help $AAVE stop falling? Type 1 if you're bullish, 2 if you're bearish.
#Write2Earn #BinanceSquare #AAVE #DeFi #Futures
The market-wide Fear and Greed Index is only 13—extreme fear. All the money is tied up in hot assets like BTC and TAO, and there's no demand at all for the DeFi sector.
It's perfectly normal that the news didn't drive prices up. Don't make things up about whales dumping—the market sentiment is simply at rock bottom, and even good news is getting hammered.
Here's the practical takeaway: if you haven't gotten in yet, keep your cash and don't rush to buy the dip. If you already have a position, just hold steady. Consider entering in stages once the proposal vote is finalized and there's tangible progress.
By the way, HYPE's USDS-Margined perpetual contract is launching on November 16. If you want to try the new contract, check the rules in advance so you don't trade carelessly and lose money.
Do you think this positive reserve adjustment can help $AAVE stop falling? Type 1 if you're bullish, 2 if you're bearish.
#Write2Earn #BinanceSquare #AAVE #DeFi #Futures
