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#美国就业数据表现强劲超出预期 [AAVE faces significant selling pressure, short-term fall is fierce]
The market movement in the early morning was really intense, AAVE dropped from $176 to $156 in about 90 minutes, a direct 12% fall. What happened?
The key issue is that a large holder acted too aggressively. This "on-chain financier" directly sold over 230,000 AAVE in a short period, equivalent to nearly 38 million USD. Such a centralized large-scale sell-off instantly created a wound in the market.
The chain reaction followed. $ETH $BNB was also affected. The on-chain transaction data exploded directly—such a rapid surge in trading volume often indicates that a bunch of leveraged players' positions are being liquidated, which further amplifies the fall, creating a vicious cycle.
On the technical side, the key defense line of $170 was directly breached, and there was no defense at all. In the short term, it may need to go further down to find new support levels. The rhythm of $AAVE in this wave still needs to pay attention to the subsequent on-chain movements and the next moves of large holders.