المنشور

$15.3M of $AAVE landed on 12 exchanges this week while price sat at +1.6%, basically nothing. that's the divergence: real size hit exchange books and the chart gave zero indication. traced it: $4.8M went onto Coinbase Prime through a deposit wallet, funded by Coinbase Prime itself 542 days ago, tokens originally sourced from 21Shares. $3.0M went onto Binance from Wintermute, a wallet we've clocked before, last time it moved $167K $UNI onto Binance and that one bled -2.7% in 24h. supply arriving on exchanges can be sold, doesn't mean it will. could be OTC routing, could be a fund parking inventory. but two separate desks moving size onto exchanges the same week the chart stays quiet is worth flagging. sell pressure lining up until proven otherwise. NFA 👀