$AAVE Liquidated Long: $75.5K at $200.20
The recent market movement for Aave (AAVE) has seen a dramatic price swing that has caught traders off guard.
A massive long position of $75.5K was liquidated when the price dropped to $200.20, highlighting the intense volatility in the DeFi space.
At the time of the liquidation, $AAVE was experiencing a significant retracement after testing highs of around $211 in November, which has now cooled off slightly.
Currently trading around $200, AAVE has faced a challenging phase as it consolidates its position.
This price point is significantly below the recent highs but still showcases the resilience of AAVE, as it has surged by over 90% in the past six months.
Given the current fluctuations, traders are closely watching $AAVE ability to maintain momentum or correct further.
Stay tuned for updates as Aave's decentralized lending platform remains a crucial player in DeFi lending and borrowing, with implications for the broader market as liquidity continues to shift.
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