Aave V4 Proposal Targets Anchorage Custodied Bitcoin Loans
Aave (AAVE)
Editor:
Eugene Serbin
Coinlive.me reports that Aave Labs published an ARFC on September 14, 2026, proposing Aave V4 loans against Bitcoin held in Anchorage custody. The design creates an isolated Hub and Spoke structure, allowing institutions to borrow stablecoins against BTC pledged in Anchorage's custody. Anchorage holds the underlying collateral throughout the loan lifecycle as the borrower’s counterparty under an Account Control Agreement.
A Custodied Collateral Token (CoCT) serves as an internal accounting unit, minted or burned by Chainlink-designed CustodySync to reconcile custody records. CoCT is a transfer-restricted ERC-20 that is not a tradable claim on BTC, carrying no direct claim on the asset. The proposal sets a permanent CoCT draw cap of zero, ensuring collateral receipt tokens cannot be borrowed out.
Liquidation would utilize an Anchorage OTC collateral sale, settling through an atomic transaction that repays debt and burns CoCT. Final risk terms and governance approval remain pending, meaning the loans are not yet available to borrowers. Bitcoin traded near $75,823, down 2.35% over 24 hours, as the proposal makes no causal claim on price. Governance approval requires community feedback, a Snapshot vote, and an onchain AIP if sentiment is positive.
How the market reacted
Whalio's own Binance spot order flow for AAVE, measured when this story was written up on 16 September 2026. Not the outlet's figures.
AAVE is trading at $122.22 with a 24-hour spot volume of $14,220,262 and 194,128 trades. The 24-hour buy ratio stands at 47.1%, while the 1-hour and 4-hour ratios are lower at 41.3% and 43.9% respectively. This indicates that buying pressure is fading in the short term compared to the daily average. The Volume Delta shows net selling of -$77,548 over 1 hour and -$197,317 over 4 hours. Over 24 hours, the Volume Delta is -$833,819, with a CVD of -$938,466. Only 9 of the last 24 hours saw net buying, confirming a dominant selling flow.
The latest daily buy ratio of 49.8% sits at the 52nd percentile of the last 324 days, against a median of 49.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for AAVE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.4%, making today’s 47.1% reading 2.4 points below the average. Volume was 1.37 times the weekly average, indicating higher than usual activity. The price dropped 5.1% over eight days, with a total Volume Delta of -$2,104,341. Only 2 of the past 7 days saw net buying, suggesting this is an unusual period of sustained selling pressure for the coin.