AAVE Bullwhales are back. How long will they remain?

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0x.dawg
Apr 15, 2021

AAVE, like most of the market, has returned to bull mode.
TL,DR: Coinlist activates AAVE trading on Monday 19th. Whales reloaded 6 days earlier. Most aggressive jump in whale activity in 6 months. MVRV Z-score breaks downtrend. Accumulation reignited. Other lending protocols see silent accumulation.



Active Addresses spike on the 1h timeframe is a good giveaway of trading energy flowing into a clear new trend.
On the 10th of April, whale addreses holding more than 10k coins spiked a whoppping 25%
Whale (>100k USD) activity spike confirms that we are looking at true whale activity.
MVRV Z-score breaks out at the same time as the 60d MVRV flipping double digit positive.

NVT (in volume) spikes during the consolidation phase since February provided good buying opportunities.

This particular whale probably acted on fundamental grounds:

65k AAVE purchased at the beginning of April. Lending coins like LQTY also joined the portfolio at this time.
AAVEDEFI
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0x.dawg
Apr 15, 2021

Thanks for reading!

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