Bears' Grip on AVAX Tightens as Open Interest Surges

The price of AVAX has been experiencing downward pressure, and the bears seem to be tightening their grip on the asset. According to recent data, open interest in AVAX has risen alongside falling prices. This is a concerning trend for investors, as it suggests that traders are increasing their bets against the asset.

The increase in open interest indicates that more traders are taking positions against AVAX, which can put downward pressure on the price. As the price of AVAX continues to fall, the bears may become even more confident in their predictions for the asset's future value.