AAVE Aims for 30% Rally Despite $6.75 Million Whale Sell-Off

Quick Summary:

According to the on-chain analytics firm Coinglass, AAVE’s long-to-short ratio currently stands at 1.05, the highest since early October 2024.

This significant dump happened within the last 24 hours on MEXC, Binance, and OKX, raising concerns about possible insider information or just a normal dump on the exchanges.

Additionally, its open interest has surged by 21%, indicating that traders are increasing their positions as market sentiment begins to shift.

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Article Details

Author / Journalist: Zameer Attar

Category: Crypto

Markets: United States

Topics: News Cryptocurrency Crypto news Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 15:07:30 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 338 words

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Sentences: 20 lines

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Copyright Owner: © Coinpedia

News ID: 23433483

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