ChainThink news, December 24: According to Hyperinsight monitoring, following significant price volatility in AAVE token triggered by whale sell-offs and escalating community disputes within the Aave ecosystem, a new short position with 7x leverage initiated by an address starting with 0x3c7 has opened a large-scale bearish bet on AAVE, holding $2.42 million worth of short exposure at an average entry price of $151, with a liquidation price of $173. The position currently shows a modest unrealized profit of 17%, making it the largest AAVE short on Hyperliquid.

In addition to this position, the same address has placed a limit order for approximately $780,000 in short AAVE at $154, which remains unfilled. Furthermore, take-profit and stop-loss orders have been set for the existing position: a partial exit is scheduled at $136 to lock in profits, while a stop-loss reduction is set at $196 to manage downside risk.