Brothers, I am Mig.
In the past few days with AAVE, I’m sure many people haven’t been able to sleep, right?
The market is bleak, and the news brings a thunderclap — just a few hours ago, a giant whale suddenly liquidated 230,000 AAVE, cashing out over 37 million dollars! This is not an ordinary reduction; this is a complete exit, directly smashing the coin price down nearly 10%.
In-depth analysis of the news: this is not just a simple sell-off; this is a 'confidence liquidation'.
Why did he switch entirely to stETH and WBTC?
This is clearly an escape from altcoins, embracing mainstream assets. stETH is a staking derivative of ETH, and WBTC is a pegged coin to Bitcoin, indicating that large funds are seeking safety and have short-term lack of confidence in the altcoin sector.Why is the time now?
On the chart, AAVE has already formed a death cross downtrend at the 4-hour level, and the MACD continues to open below the 0 axis. This indicates that the sell-off is not accidental but rather a follow-up 'cutting' by large funds after a technical breakdown.Subsequent Chain Risks:
Whale actions often trigger retail selling; if market sentiment further deteriorates, the support level at 156 may face collective stop-loss attacks.
Market Projection: 183 has become a dream for this year, is 145 the reality bottom?
Upward: It must first break and hold above 169 to have a chance to test 183. But in the pattern of a death cross with increasing sell pressure, the probability of a direct reversal is extremely low; each rebound is an opportunity to reduce positions.
Downward: 156 is a psychological support, but if whale selling pressure continues, it likely won’t hold here. The next effective support is in the 145–140 range, which is also where it bottomed multiple times last year.
Mig's View: The short-term trend has turned bearish; don’t blindly catch falling knives. If 156 breaks down significantly, the market will likely slide quickly towards 145 to seek support.
Retail Survival Guide: Three Steps to Protect Your Capital, Wait for the Wind!
For holders: If the rebound doesn't surpass 170, it is recommended to reduce positions or exit at breakeven. Holding on stubbornly is not as good as surviving.
For those with no positions: Don’t rush to catch the bottom! Patiently wait for two signals: either a bottom divergence appears on the 15-minute chart with a spike in volume and a bullish candle; or a long lower shadow appears near 145.
Everyone: In the current market, position determines mindset. Holding back and observing is smarter than frequent trading.
I know many people are anxious right now, but the more this happens, the more you need to stay calm. Just because the whales have left doesn’t mean AAVE has no future, but the short-term pain must be respected. Markets are often born out of despair, but you need to keep your ammunition.
If you feel lost right now, or if every time you buy it drops and every time you sell it rises... follow Mig. Every day in the village and the chat room, I not only share market updates but also teach you: how to identify whale movements for early positioning, how to judge bottom signals through on-chain data, and how to set up a phased buying strategy to avoid being washed out.
