As per AiCoin, on December 24, Hyperinsight detected significant AAVE price fluctuations due to whale selling and escalating Aave community disputes. A large short position on AAVE was opened by the 0x3c7 address on Hyperliquid with 7x leverage, holding $2.42 million worth of AAVE at an average price of $151, with a liquidation price at $173. The position is currently up 17% in floating profit, making it the largest AAVE short on Hyperliquid. The address also placed a $780,000 limit short order at $154, which has not yet been executed, and set a take-profit price at $136 and a stop-loss price at $196.
Whale Opens 7x Leveraged Short Position on AAVE Amid Price Volatility
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Summary
On-chain trading signals show a whale opened a 7x leveraged short position on AAVE via Hyperliquid on December 24. The 0x3c7 address holds $2.42 million in AAVE at $151, with a liquidation price at $173. Price action shows the position is up 17% in floating profit. A $780,000 limit short at $154 remains unexecuted, with a take-profit at $136 and stop-loss at $196.
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