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06/09 04:38

Avalanche warning! – Whales fleeing could bring AV

Avalanche warning! – Whales fleeing could bring AVAX on the brink of…
Whale transactions over $1 million dropped more than 95%, signaling weakening institutional confidence in AVAX.
Overall structure remains bearish, with lower highs and a clear shift in market momentum.
Avalanche [AVAX] is under strain, with bears gaining ground across spot and derivatives markets.

The token has continued its pattern of lower highs since early May, and the latest data shows key support slipping.

Here’s what Bit360 analyzed for you!
Whale transactions dip sharply
Given the current market sentiment, large holders and investors seem to be exiting their positions, further dampening the outlook.

On-chain analytics platform IntoTheBlock reports a sharp decline in whale transactions across all value ranges.

Transactions worth $100K to $1 million have fallen by 65%, while those ranging from $1 million to $10 million have dropped 95%.

Meanwhile, transactions exceeding $10 million have completely halted, marking a 100% decline in high-value activity.
This steep drop signals a wider retreat from deep-pocketed investors, weakening AVAX’s structural support.

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