According to @EmberCN, a major whale or institution sold 184.4 WBTC ($20.4 million) through Wintermute OTC yesterday and subsequently bought $15 million worth of AAVE today, transferring 15 million USDC to Wintermute and receiving 57,715 AAVE at an average price of $259.9 per token. This accumulation activity, ongoing since March 2023, explains the recent resilience in AAVE price. For traders, this signals sustained institutional interest and could indicate further upward momentum or support levels for AAVE, with potential ripple effects across DeFi tokens and related crypto markets (Source: @EmberCN Twitter, May 24, 2025).

According to Michaël van de Poppe (@CryptoMichNL), AAVE currently displays one of the strongest bullish chart formations in the cryptocurrency sector, indicating renewed investor confidence in DeFi protocols and signaling robust momentum for the wider crypto market. This technical strength, highlighted by consistent upward price action and strong support levels, positions AAVE as a leading indicator for DeFi sector performance and could lead to increased trading volumes and capital inflows across decentralized finance tokens. Traders are advised to monitor AAVE's price action closely as it may foreshadow broader crypto market trends. Source: @CryptoMichNL on Twitter, May 23, 2025.

According to Michaël van de Poppe (@CryptoMichNL), AAVE is entering a new upward leg, with the potential to set new highs in the current cycle. The analysis highlights a target range of 6000-7000 sats, reflecting strong momentum and renewed buying interest. For traders, this suggests a bullish outlook in the short term, with the 6000-7000 sats range acting as a potential resistance zone. This move could drive increased trading volume and signal improved sentiment across DeFi tokens, impacting broader cryptocurrency market dynamics. Source: Twitter (@CryptoMichNL, May 20, 2025).