AAVE – Here’s what spot traders, whales are up to and the impact on price

AAVE is likely to achieve new highs as liquidity increases. However, in the past 24 hours, it fell by 4.74% due to large investors engaging in profit-taking.

Spot traders outpaced large holders, buying nearly four times as much AAVE, amounting to 2.39 million USD, within four days. This suggests increased retail activity in the market.

While AAVE’s value remains strong, with a TVL of 18.433 billion USD, the derivatives market indicates bearish trends, with increasing open interest and a long-to-short ratio below 1.