Key takeaways
Why is Wintermute’s removal important?
This reinforces the accumulation of whales around the demand zone while aligning with improving price dynamics.
How does the strength of the CVD influence the next stage of the AAVE?
They show that buyers control both the spot and the derivatives, increasing the likelihood of a breakout attempt.
Wintermute’s withdrawal of 24,124 AAVE, worth approximately $4.1 million from Kraken on November 24, instilled new confidence in AAVE’s market structure while reinforcing a notable change in accumulation behavior on the whale side.
The off-exchange movement reflects intention and not hesitation, as Wintermute rarely releases this volume without a defined goal.
Additionally, this move aligns with AAVE’s ongoing rebound attempt as part of its broader downtrend. The market is now paying attention as whale liquidity shapes trend inflection points in volatile environments.
Withdrawal happens like Aave (AAVE) trades inside its demand zone, creating a favorable confluence. This combination reinforces the idea that strategic buyers have begun to position themselves for a stronger movement.
AAVE buyers attempt to regain control
AAVE was trading near $169 at press time after rebounding from its demand zone between $150 and $160. The chart shows a clear descending channel that has held the price for weeks, but the recent rebound has broken the momentum slightly.
Buyers can now approach the first test at $179, which is immediate resistance. However, a clear rally from this level opens the way to $232, where the previous bid capped the momentum.
Additionally, the RSI rose from 39 to its moving average, confirming an initial improvement in momentum. The indicator showed no divergence, but buyers are now showing intent.
Additionally, the demand zone reaction suggested that the bulls were aggressively defending the value zones. This reaction creates the basis for a possible trend change midway.
Source: TradingView
Is buyer aggression growing?
The CVD Spot Taker prints sustained buyer dominance over the 90-day window, reflecting greater market buying aggressiveness than selling pressure.
This is important because the taker’s behavior reveals genuine belief and not passive activity.
The indicator continues to rise steadily, showing that buyers are steadily increasing their offers while absorbing liquidity.
Additionally, this is consistent with the recent rebound in the demand zone, strengthening the argument for a trend change underway.
Additionally, whales generally prefer to enter positions when spot buying pressure begins to outweigh reactive selling.
This combination forms a constructive pace, showing that market participants are supporting prices during critical retests. Although confirmation still requires a break above $179, the CVD trend is sending a strong early signal.
Source: CryptoQuant
Long traders dominate on Binance
Binance’s Long/Short ratio has increased sharply, standing at 1.56 at the time of publicationwith long accounts holding 60.95% positioning.
This change marked a clear shift in sentiment, as traders were previously strongly bearish throughout the downtrend.
Long-term bullish dominance usually appears near lows, especially when associated with a demand zone reaction.
Additionally, liquidation data showed larger short-term losses, which increased pressure to exit bearish positions. This environment has increased the risk of short selling when the price reaches the $179 resistance.
Additionally, the steady increase in long stakes aligned perfectly with the accumulation of whales. Traders will now look to see if this collective positioning can fuel a decisive breakout.
Source: CoinGlass
AAVE is now at a turning point as whales accumulate, longs control spot flows, and long traders dominate derivatives positioning.
These aligned signals reinforced the idea that AAVE is preparing for an attempted rebound from its demand zone. A clear break above $179 confirmed the change and opens the way to higher levels.
