[AVAX’s last night volume—abnormal]
While watching the charts last night, I glanced at AVAX—its trading volume suddenly surged, nearing 5% of its market cap. It wasn’t that kind of fake spike that jumps around; it held steady for several hours.
Honestly, my first reaction wasn’t excitement—it was caution.
At this level, either institutions are building a position, or someone is dumping in size. Retail traders don’t have that kind of capability. So the question is—who’s moving it?
I checked AVAX’s recent activity. On the ecosystem side, the Avalanche Foundation’s “money bag” has indeed been active lately. The deployment speed of Subnets has been noticeably faster than in the first half of the year. Curve’s TVL on the AVAX chain is also quietly climbing. These things won’t immediately show up in the price, but the volume moved first.
So why now?
$ 7.50 is a very delicate spot. It’s only about 4% away from the key support at 7.12, but the resistance at 7.73 isn’t far either. With buy orders flowing in continuously right now, it suggests someone is testing how heavy the sell pressure above is.
What about me? I don’t hold AVAX, but I’m observing. Back in 2021, I got burned. When it was rallying, I thought I was a genius—now I’ve learned my lesson. In phases where this kind of volume can stay in sync with price and move steadily, that’s when the market is most likely to throw you a surprise. It could be a big setup, or it could simply be a large holder offloading.
But one thing I can see pretty clearly: if AVAX can hold steady in the range $ 7.50–$ 7.73 for a few days, building enough turnover, the momentum afterward won’t be small. The ecosystem is progressing, the valuation is still on the floor, and sentiment isn’t overheated—this isn’t the time for FOMO, but it’s definitely worth paying attention to.
Of course, all of the above is just my own random speculation and does not constitute any advice.
What’s everyone’s mindset right now? Do you dare to touch this AVAX move, or will you keep watching from the sidelines?
While watching the charts last night, I glanced at AVAX—its trading volume suddenly surged, nearing 5% of its market cap. It wasn’t that kind of fake spike that jumps around; it held steady for several hours.
Honestly, my first reaction wasn’t excitement—it was caution.
At this level, either institutions are building a position, or someone is dumping in size. Retail traders don’t have that kind of capability. So the question is—who’s moving it?
I checked AVAX’s recent activity. On the ecosystem side, the Avalanche Foundation’s “money bag” has indeed been active lately. The deployment speed of Subnets has been noticeably faster than in the first half of the year. Curve’s TVL on the AVAX chain is also quietly climbing. These things won’t immediately show up in the price, but the volume moved first.
So why now?
$ 7.50 is a very delicate spot. It’s only about 4% away from the key support at 7.12, but the resistance at 7.73 isn’t far either. With buy orders flowing in continuously right now, it suggests someone is testing how heavy the sell pressure above is.
What about me? I don’t hold AVAX, but I’m observing. Back in 2021, I got burned. When it was rallying, I thought I was a genius—now I’ve learned my lesson. In phases where this kind of volume can stay in sync with price and move steadily, that’s when the market is most likely to throw you a surprise. It could be a big setup, or it could simply be a large holder offloading.
But one thing I can see pretty clearly: if AVAX can hold steady in the range $ 7.50–$ 7.73 for a few days, building enough turnover, the momentum afterward won’t be small. The ecosystem is progressing, the valuation is still on the floor, and sentiment isn’t overheated—this isn’t the time for FOMO, but it’s definitely worth paying attention to.
Of course, all of the above is just my own random speculation and does not constitute any advice.
What’s everyone’s mindset right now? Do you dare to touch this AVAX move, or will you keep watching from the sidelines?