$AAVE $BTC $ETH

Yesterday, the long liquidation amount of AAVE perpetual contract has exceeded

$1.4 million on August 5. Yesterday's liquidation amount was $1.6 million.

August 5 was a typical "de-leverage".

Aave plunged from 100u to 76u

BTC plunged from 58000u to 49000u

That day, Nasdaq also plunged 6%

Yesterday, the long contract liquidation amount of BTC reached $120 million, which is almost half of that on August 5. The data of ETH is similar.

BTC may continue to plunge below 60,000, while ETH corresponds to 2,400. This will complete a larger wave of long liquidation.

As for the liquidation of AAVE, I personally feel that it is almost over.