Whale activities in AVAX have dropped dramatically, indicating that large investors are retreating. Transactions exceeding 1 million USD have completely ceased, suggesting a lack of confidence among institutional investors, further signaling bearish conditions in the AVAX market.
Traders are leaning towards short positions as bearish sentiment builds. The recent price movement has led to substantial long liquidations amounting to 189,000 USD, reflecting a deteriorating outlook for AVAX and increasing likelihood of further price declines.
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