$AAVE Late at night, a single 15m candle jumped 1%, volume surged to 2x, and the Z-score hit 2.84. This move wasn’t just noise.
What’s interesting is the OI: it’s still falling on the 15m timeframe and has only just barely turned positive on the 1h. Price up + OI down is a classic short-covering pattern—the shorts are taking a beating, rather than new longs actively entering. The closing price has already broken above the highs of nearly 20 recent 5m candles, and the aggressive buy/sell ratio is 1.52, with buying pressure tilted by 20.8%. That suggests real buyers are stepping in to lift prices in the short term.
Order-book depth confirms it too: volume is above normal, the overall pool anomaly ranks #11, and notional change ranks #16. This combination feels like more than an isolated spike—it looks like a move continuing across several consecutive timeframes.
In the middle of the night, AAVE is doing its own thing, and 24h trading volume of 120 million isn’t small either. How far short covering can push it depends on whether 1h OI can really catch up—this +0.07% so far isn’t much to go on. Keep an eye on it for now; don’t rush to chase.
What’s interesting is the OI: it’s still falling on the 15m timeframe and has only just barely turned positive on the 1h. Price up + OI down is a classic short-covering pattern—the shorts are taking a beating, rather than new longs actively entering. The closing price has already broken above the highs of nearly 20 recent 5m candles, and the aggressive buy/sell ratio is 1.52, with buying pressure tilted by 20.8%. That suggests real buyers are stepping in to lift prices in the short term.
Order-book depth confirms it too: volume is above normal, the overall pool anomaly ranks #11, and notional change ranks #16. This combination feels like more than an isolated spike—it looks like a move continuing across several consecutive timeframes.
In the middle of the night, AAVE is doing its own thing, and 24h trading volume of 120 million isn’t small either. How far short covering can push it depends on whether 1h OI can really catch up—this +0.07% so far isn’t much to go on. Keep an eye on it for now; don’t rush to chase.