The most ironic thing about AAVE’s chart is that the price is still stubbornly holding up, but spot whales have posted twelve consecutive bars of net outflows—not a single red one. Over the past three hours, enough money has been pulled out to buy several floors’ worth of tokens. Market sells are riding roughshod over the bids, and buying volume is nearly crushed flat, yet the bulls are still dreaming of a breakout above the previous high. Money is flowing out while you keep buying in—this isn’t catching the bottom; you’re just filling the reservoir for the drain. Funding rates have turned negative, but open interest is still stubbornly high, which means leveraged longs are all paying to hold their positions. The longer they hold, the more fuel they hand to the bears. The truly smart money got out long ago; everyone still in the market is just carrying those who already left.