MARKET UPDATE: $AAVE $ADA remains compressed inside a descending structure on the 1H. Price is currently trading around $0.262, sitting just above local support near $0.259–0.260. As long as this base holds, a relief move toward $0.268–0.272 remains possible. A breakdown below $0.259 would confirm continuation lower and keep pressure on the structure. #BuyTheDipOrWaitNow? #AAVE, $AAVE
This #BitcoinOG(1011short) isn't just stuck with a $779M BTC/ETH/SOL long deep in the red — he also appears to be looping $ETH longs. He created a new wallet, withdrew 61K $ETH($174.3M) from #Binance into #Aave, then borrowed 60M $USDC from #Aave and sent it back to #Binance.
Whale 0xa339, who was long $ETH via a looping lending strategy, sold 20,599 $ETH($59.1M) at $2,869 over the past 2 days to repay loans. He still holds 30,000 $ETH($85.2M) on #Aave, with $15.7M USDT in outstanding debt. #bitcoin #btc #crypto #eth