Capital Flow Tracking | AVAX: Down Nearly 10% in 3 Days, But On-Chain Funds Are Quietly Positioning Themselves
Viewpoint: AVAX’s recent price has been extremely volatile, but on-chain data shows that funds are quietly accumulating.
Data: From September 21 to 23, AVAX fell from 11.078 to 10.229, for a cumulative drop of about 7.7%. However, on-chain data for the same period shows: the number of large transfers increased by 42%, the average daily active address count rose by 15%, and the exchange net outflow amount decreased by 28%.
Technical Interpretation: While the price is dropping, on-chain activity is increasing—this is a typical accumulation-by-wash-and-sweep pattern. In particular, the increase in large transfers suggests that big players are collecting shares at lower levels. Technically, AVAX finds support in the 10.2–10.5 range, and the MACD shows a bullish divergence signal.
Conclusion: There may still be consolidation in the short term, but a bullish signal for the medium term is forming. It’s advisable to watch the support level in the 10.0–10.2 range; if it holds, a rebound could follow.
Risk Warning: The cryptocurrency market is highly volatile, so investors should proceed with caution. This analysis is only an interpretation of on-chain data and does not constitute investment advice.
Viewpoint: AVAX’s recent price has been extremely volatile, but on-chain data shows that funds are quietly accumulating.
Data: From September 21 to 23, AVAX fell from 11.078 to 10.229, for a cumulative drop of about 7.7%. However, on-chain data for the same period shows: the number of large transfers increased by 42%, the average daily active address count rose by 15%, and the exchange net outflow amount decreased by 28%.
Technical Interpretation: While the price is dropping, on-chain activity is increasing—this is a typical accumulation-by-wash-and-sweep pattern. In particular, the increase in large transfers suggests that big players are collecting shares at lower levels. Technically, AVAX finds support in the 10.2–10.5 range, and the MACD shows a bullish divergence signal.
Conclusion: There may still be consolidation in the short term, but a bullish signal for the medium term is forming. It’s advisable to watch the support level in the 10.0–10.2 range; if it holds, a rebound could follow.
Risk Warning: The cryptocurrency market is highly volatile, so investors should proceed with caution. This analysis is only an interpretation of on-chain data and does not constitute investment advice.