Aave faces $200M liquidations, but the altcoin still stands strong – How? – BitRss

• Aave experienced over $200 million in liquidations, but bad debt decreased, showing resilience despite market volatility.
• Despite a 6.25% price drop, the altcoin maintained its key support at $230, with resistance at $360.

Aave [AAVE ($251.96)] experienced significant liquidations in the last 24 hours, totaling over $200 million. This marked the largest liquidation event for the platform since August 2024.

These liquidations represent around 30% of all Aave liquidations to date, signaling increased market volatility.

Despite the high liquidation volume, Aave’s system managed to avoid a major increase in bad debt, which has actually decreased.

The data shows that although liquidation events were severe, the overall health of the platform remains strong. This is reflected in the total debt amount liquidated, which stands at approximately $369,580.