$AVAX A large net outflow has already been continuous for five candles with no reversal. Over the past five hours, spot large orders have been dumped at the level of $100,000—this is distribution, not a pullback. In the last four hours, there have been six candles with not a single green one; the price can’t even get back above the moving average lines. The bulls are still adding positions to hold the trade, and the funding rate is sizzling positive—this is the classic pattern of adding to positions to catch the knife. Current price 10.509 short directly; first target 10.074, second target 9.972, stop-loss 11.281. Do the bulls want to bottom-pick? First, ask the order book whether this sell wall agrees.