AVAX Price Stuck in Indecision Zone Amid Whale Long Position

AVAX is trading at $7.30, but its momentum has flatlined, and aggressive sell flow dominates spot markets.

Sixty percent of smart money is positioned long, which could be a sign that buyers are about to capitulate or that there's room for a short squeeze if Bitcoin catches a bid.

The 200-day moving average at $8.08 looms large as an overhead resistance zone, and every rally attempt since it broke down has been a selling opportunity.

A whale positioning shows a staggering 2.50 long/short ratio, with 71.4% of that cohort positioned long, but the taker buy/sell ratio at 0.796 shows that real money is being put to work on the short side in the spot market.