AVAX whales vanish, long positions get wiped—Is this the calm before a deeper market breakdown?

• 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.