The cryptocurrency market experienced a downturn this week as Bitcoin's price fell below $70,000, affecting top-tier tokens like AAVE. Aave's price dropped 18.5% to $91.5, and its market value decreased to $1.39 billion. However, the real concern lies in the increasing volume of high-risk loans on the Aave Protocol, reaching $1 billion.

The analytics company IntoTheBlock reports that these risky assets, secured against volatile collateral, are dangerously close to the liquidation threshold. If the correction trend continues, AAVE's price could witness heavy liquidation and drop to $80 or even $61, triggering panic selling among investors.

The long-term trend on the weekly chart shows a symmetrical triangle pattern, indicating a consolidation trend. The short-term trend, however, shows a bearish pattern, strengthening the selling sentiment among investors. The volume of high-risk loans under the Aave Protocol poses significant risks to the market, and if liquidation events occur, it could impact the broader market.

In conclusion, the cryptocurrency market's downturn, led by Bitcoin's price drop, has affected Aave's price and high-risk loans. The increasing volume of risky assets on the Aave Protocol poses significant risks, and if the correction trend continues, AAVE's price could witness heavy liquidation. Investors should exercise caution and monitor the market closely."