$AVAX just dropped -7.4% in the last hour (+18.0% over 24h)
AVAX now $9.85

My read: this looks like a sharp unwind after a strong pump, possibly driven by liquidations, crowded leverage, or a news reaction (per Binance market data). im not touching this yet; I'd wait for a clear reclaim and calmer volume before treating the move as stable.

do you see this as a leverage flush or the start of a broader reversal?

Opinion, not financial advice. DYOR.