Whales Load Longs as AAVE Trades Below Key Moving Averages

AAVE is trading at $89.13 as of August 11th's New York pre-market open, down roughly 2.4% over the past 24 hours.

This decline is not due to a single macro catalyst but rather structural drift, with the token surrendering ground across every meaningful timeframe and now trading below every major moving average on the daily chart.

Despite the bearish trend, whales are quietly loading longs, skewing their positioning 55.8% long against 44.2% short, a ratio of 1.26 that stands out clearly against the neutral retail backdrop.