Why AAVE crypto traders must watch $113 support after Binance hack

AaveCrypto traders are being alerted to a $113 price level for AAVE in the wake of a reported Binance hack, according to the headline. The headline alone does not provide details on the scale of the breach, the assets involved, or whether any exchange operations were halted. The likely transmission channel is counterparty and custody risk: security incidents at a major centralized exchange can prompt traders to reduce exposure to exchange-listed tokens and shift liquidity toward other venues or self-custody, pressuring prices through reduced bid depth. AAVE, as a lending-protocol token with significant trading volume on Binance, is the asset most directly exposed, with a $113 support level becoming a focal point if selling pressure intensifies and stop-loss clusters are triggered. The next thing traders should watch is Binance's official incident disclosure and any statement on withdrawal status, reserve verification, or affected user funds, as these will determine whether the sell-off is contained or broadens.

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