The post Whale sells $2.57 million worth of AAVE taking $1.54 million loss appeared on BitcoinEthereumNews.com. Since getting rejected at $190 four days ago, AAVE has faced intense downward pressure. The token has declined for four consecutive days, hitting a local low of $165.  As of this writing, Aave [AAVE] traded at $166, down 10.17% on the daily charts, reflecting intense bearish pressure. Amid this market breakdown, investors, especially whales, have panicked and started offloading.  AAVE whale takes $1.54 million loss As AAVE started declining days ago, whale orders dropped alongside it. According to CryptoQuant data, Spot Average Order Size has shown a sharp decline in large whale orders.  Source: CryptoQuant In fact, these orders are at a weekly low; thus, although active, whales have scaled back significantly in the spot market.  Onchain Lens observed one of the active whales. Notably, a whale returned after 1.5 months and sent 15,396 AAVE, worth $2.57 million, to FalconX. The whale initially received 20,396 AAVE, worth $4.89 million, from FalconX, of which 5,000 AAVE was sold for $779,056.  With the recent transaction, the whale realized $1.54 million in losses. Usually, when whales turn to aggressive selling during a market downturn, it signals a lack of confidence in the market.  Thus, whales are highly bearish and anticipate potentially more losses in the future.  Retailers are also selling aggressively AAVE has faced significant sell pressure from all market participants. According to Coinalyze, the token has recorded a negative Buy Sell Delta for three consecutive days.  Source: Coinalyze Over the past 24 hours, for example, the altcoin saw 165.26k in Sell Volume compared to 140k in Buy Volume. As a result, the altcoin saw a negative Delta of -25.2k, a clear sign of aggressive spot selling. Coupled with that, exchange activity also validated this selling activity. According to CryptoQuant, Exchange Netflow turned positive for the first time in four days.  Source: CryptoQuant As of this… The post Whale sells $2.57 million worth of AAVE taking $1.54 million loss appeared on BitcoinEthereumNews.com. Since getting rejected at $190 four days ago, AAVE has faced intense downward pressure. The token has declined for four consecutive days, hitting a local low of $165.  As of this writing, Aave [AAVE] traded at $166, down 10.17% on the daily charts, reflecting intense bearish pressure. Amid this market breakdown, investors, especially whales, have panicked and started offloading.  AAVE whale takes $1.54 million loss As AAVE started declining days ago, whale orders dropped alongside it. According to CryptoQuant data, Spot Average Order Size has shown a sharp decline in large whale orders.  Source: CryptoQuant In fact, these orders are at a weekly low; thus, although active, whales have scaled back significantly in the spot market.  Onchain Lens observed one of the active whales. Notably, a whale returned after 1.5 months and sent 15,396 AAVE, worth $2.57 million, to FalconX. The whale initially received 20,396 AAVE, worth $4.89 million, from FalconX, of which 5,000 AAVE was sold for $779,056.  With the recent transaction, the whale realized $1.54 million in losses. Usually, when whales turn to aggressive selling during a market downturn, it signals a lack of confidence in the market.  Thus, whales are highly bearish and anticipate potentially more losses in the future.  Retailers are also selling aggressively AAVE has faced significant sell pressure from all market participants. According to Coinalyze, the token has recorded a negative Buy Sell Delta for three consecutive days.  Source: Coinalyze Over the past 24 hours, for example, the altcoin saw 165.26k in Sell Volume compared to 140k in Buy Volume. As a result, the altcoin saw a negative Delta of -25.2k, a clear sign of aggressive spot selling. Coupled with that, exchange activity also validated this selling activity. According to CryptoQuant, Exchange Netflow turned positive for the first time in four days.  Source: CryptoQuant As of this…