At the 1.2th percentile, $AAVE is now almost sitting at the bottom of its 20-day range.
It fell 7.6% in 24 hours, hitting a low of 113.42.
Honestly, I thought there would be panic selling at this level.
I changed my mind after checking the positions.
The number of contracts is still rising, up 2.5% in a day.
But notional value actually shrank by 5.4%.
More contracts, less money—that suggests small orders are buying the dip, not big money propping it up.
From the top of the range to now, with the price hugging the bottom while long accounts are still just over 50%, that's more worth watching than the drop itself.
It's like that pot downstairs: the fire is still burning, but the soup isn't boiling over anymore.
Funding rate: +0.0078%. Long accounts: 50.5%. The two sides are almost evenly matched.
There is support, but it's all small orders holding it up. The divergence hasn't reached an extreme yet.
$BTC fell just 1.3% over the same period, and $ETH fell 1.5%. This drop is its own move.
The positions have changed hands once at this level, but the direction is still undecided.
I'm just keeping an eye on it.
Not chasing.
What do you make of this pot? Let's discuss in the comments.
#AAVE #比特币 #cryptocurrency
The above is a record of my personal trading system and observations of data; it does not constitute investment advice.
It fell 7.6% in 24 hours, hitting a low of 113.42.
Honestly, I thought there would be panic selling at this level.
I changed my mind after checking the positions.
The number of contracts is still rising, up 2.5% in a day.
But notional value actually shrank by 5.4%.
More contracts, less money—that suggests small orders are buying the dip, not big money propping it up.
From the top of the range to now, with the price hugging the bottom while long accounts are still just over 50%, that's more worth watching than the drop itself.
It's like that pot downstairs: the fire is still burning, but the soup isn't boiling over anymore.
Funding rate: +0.0078%. Long accounts: 50.5%. The two sides are almost evenly matched.
There is support, but it's all small orders holding it up. The divergence hasn't reached an extreme yet.
$BTC fell just 1.3% over the same period, and $ETH fell 1.5%. This drop is its own move.
The positions have changed hands once at this level, but the direction is still undecided.
I'm just keeping an eye on it.
Not chasing.
What do you make of this pot? Let's discuss in the comments.
#AAVE #比特币 #cryptocurrency
The above is a record of my personal trading system and observations of data; it does not constitute investment advice.
