AVAX Coiled Spring or Dead Cat Bounce: Whale Positioning Weighs In
AVAX is stuck at $6.37 with momentum flatlining and price pinned 23% below its 200-day SMA, but whale positioning is aggressively long.
The market context suggests that AVAX is not moving, with a 24-hour swing of exactly $0.16 and a volume print of just $6.28M on Binance spot.
Whale-tier positions are leaning into this setup, with 66.6% of longs and a top trader long/short ratio at 1.9967.