AAVE market shows signs of recovery post-election despite rising exchange outflows. Optimism in long positions and profitable addresses.
A shift towards long positions hints at growing market optimism, with 64% of active addresses currently in profit.exchange outflows witnessed a notable decline. This dip again indicates the cautious stance by investors over the implication of possible regulatory changes.
Also, the uptick in exchange outflows may signal that traders are cashing out profits in the short run and once again taking positions for strategic opportunities.AMBCrypto’s analysis of the Coinglass long/short ratio data reveals several fluctuations in AAVE’s market. This change marks the beginning of a wave of optimism in the market, as traders start to expect a price increase, probably after the recent market corrections.
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