DeFi▼ Bearish

Aave borrowing rates tripled as a whale repeatedly pulled funds from DeFi at midnight

TradingGain Newsroom·1d ago·29 Oct 2026, 19:00 UTC

A large wallet reportedly pulled about $290 million from DeFi every midnight, and Aave borrowing rates tripled during the outflows. Bitquery traced the move to a temporary squeeze that hit as funds left near midnight. Traders may want to watch DeFi lending conditions for signs of further stress.

Why it matters

Bitquery linked the sharp borrowing rate jump to a temporary squeeze as funds left near midnight.
Aave borrowing rates tripled during the period of large outflows, which raises the cost of borrowing.
October 29 showed a lower borrowing rate, a milder snapshot compared with the squeeze.

What to watch next

Watch whether Aave borrowing rates fall back toward their October 29 level and whether the midnight outflows continue.

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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