Avalanche drops 4.76%, and hopes for a summit have not yet turned into an upside move.

The New York summit opens on September 16, with institutional participation becoming a key topic; Helicon’s upgrade is scheduled for the 22nd, and market expectations are still in a waiting-for-realization phase.

Bearish case: the event catalyst has not yet materialized, while macro funds have tightened first, putting short-term price action under pressure.#AVAX