An Aave whale has been liquidated amid a continuing downtrend, resulting in a loss of $7.83 million. This event highlights the volatility present in the cryptocurrency market. Liquidations occur when traders are unable to meet margin requirements, leading to forced selling of their assets. The ongoing downtrend has affected many investors, raising concerns about the stability of the market. As prices decline, the risk of liquidation increases, particularly for those holding large positions.
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