AAVE big dump 10% fell below 166 USD, Whale cut loss 1.54 million USD to escape

[Coin World] AAVE has fallen quite sharply this time, dropping directly to 166 dollars, with a daily retracement of 10%.

There has been significant panic in the market. A large holder directly liquidated 15,396 AAVE, losing 1.54 million dollars to cut losses and exit the market. Such a level of selling often triggers a chain reaction.

On-chain data is not very optimistic. The buy-sell spread has turned negative, and the recharge volume on the exchange has clearly increased—this usually indicates that more coin holders are preparing to sell. Both retail and institutional investors are withdrawing.

From a technical perspective, the key support at 160 dollars is currently under significant pressure. If selling pressure continues, the next observation point may be around 155 dollars. In the short term, the bulls need to show some real skills to stabilize the situation.