Two-thirds of the market is long on AAVE, but sell-side taker flow is running hot — and that combination has the token at $72.56 with a clear path lower. Traders are watching the next support level at $67.42, where data suggests a 60% probability the price will test in the near term.
Heavy Long Positioning
The current positioning on AAVE is lopsided. Roughly 67% of open positions are betting the token will rise. That concentration has historically made the asset vulnerable to sudden liquidations if the price slips, because the same crowd that's long can quickly turn into sellers trying to cover losses.
Sell-Side Taker Flow
On the other side of the order book, sell-side taker flow is running unusually high. That means aggressive sellers are hitting bids rather than waiting for buyers to come to them. When taker volume skews heavily to the sell side, it tends to push prices down faster, especially when longs are already crowded.
Key Support at $67.42
The next major floor for AAVE sits at $67.42. A 60% probability path, based on current order book and options data, points to the token testing that level. If it holds, the crowded long trade could regain confidence. If it breaks, the next support isn't clearly defined in the available data — and that uncertainty could accelerate the move.
For now, the market is watching whether the sell pressure exhausts itself before hitting $67.42, or whether the heavy long positioning turns into a self-fulfilling drop.
