As of $AAVE , there is an interesting liquidation map right now.
At a price of about $126.4, roughly $21–22M shorts have accumulated on top, while around $10M longs are below. The imbalance is almost 2 to 1 in favor of upward movement.
If $AAVE holds above 127.3–128, I’d be looking at 131–134. That’s exactly where the thickest liquidity is located.
But a loss of 124 changes the picture—then watch 123–120.
#AAVE
At a price of about $126.4, roughly $21–22M shorts have accumulated on top, while around $10M longs are below. The imbalance is almost 2 to 1 in favor of upward movement.
If $AAVE holds above 127.3–128, I’d be looking at 131–134. That’s exactly where the thickest liquidity is located.
But a loss of 124 changes the picture—then watch 123–120.
#AAVE
