$63 million just bought AAVE from the exchange, and today the price hit a 7-month high
I think this capital is worth tracking.
Yesterday an on-chain address bought about 39,000 AAVE from Kraken, worth roughly $6.3 million.
Today AAVE has already pushed above $178, setting a new high since February.
Looking at these two things together is far more interesting than simply seeing “up 7%.”
Now the price is near $175, and my stance is very clear:
The bias remains bullish, but I won’t chase near the new high.
I’d rather wait for 170–173.
If there’s clear support/absorption in this zone, I’ll consider joining the next leg. First target: 180–183. After a breakout, we can look around $188.
If $165 breaks and can’t be reclaimed, this plan is invalid.
Why don’t I chase at $178?
Because a truly strong market isn’t afraid of giving you a pullback.
If there’s indeed sustained inflow into AAVE this time, then after the first batch of profit-taking comes out, someone should step in next.
That’s the “next buyer” strength I’m waiting for.
$AAVE
I think this capital is worth tracking.
Yesterday an on-chain address bought about 39,000 AAVE from Kraken, worth roughly $6.3 million.
Today AAVE has already pushed above $178, setting a new high since February.
Looking at these two things together is far more interesting than simply seeing “up 7%.”
Now the price is near $175, and my stance is very clear:
The bias remains bullish, but I won’t chase near the new high.
I’d rather wait for 170–173.
If there’s clear support/absorption in this zone, I’ll consider joining the next leg. First target: 180–183. After a breakout, we can look around $188.
If $165 breaks and can’t be reclaimed, this plan is invalid.
Why don’t I chase at $178?
Because a truly strong market isn’t afraid of giving you a pullback.
If there’s indeed sustained inflow into AAVE this time, then after the first batch of profit-taking comes out, someone should step in next.
That’s the “next buyer” strength I’m waiting for.
$AAVE