Just watched AAVE get hit hard after that rsETH exploit on KelpDAO. The thing is, the real damage wasn't from the hack itself—it was the liquidation cascade that followed. Once the collateral went bad, forced liquidations started stacking on top of each other, and that's what really crushed the price.

Aave froze the rsETH markets to stop the bleeding, but by then users were already running for the exits. You had three things happening at once: exploit panic, protocol lockdown, and forced unwinds. That combination is brutal for price action.

Right now AAVE is sitting around $94, testing that $88-92 support zone. The chart looks weak though—price couldn't hold above $95-100, which tells me buyers aren't really in control yet. If we see another liquidation wave and break below $88, the next target is probably that $85 level. Deeper move toward $80 if selling keeps going.

What's interesting is open interest started climbing again but price hasn't recovered strongly. That usually means positions are building into weakness, which historically leans bearish. Could get volatile either way. Watching to see if support actually holds here or if we get another leg lower.