Conclusion first: this round of AVAX isn’t just a simple pullback—leverage is being withdrawn, and longs are still getting liquidated.
AVAX’s current price is about $10.98. The 24-hour drop on both Binance and OKX is around 1.7%. The highest is 11.36, the lowest is 10.79, and the price data is consistent across sources.
Total holdings across the entire network are $472 million, down 1.12% over the past 24 hours. Binance holdings shrank by 4.19%, and Bybit was even down by 7.72%; however, Gate actually increased by 6.93%, showing that different exchanges are diverging.
Over the past 24 hours, liquidations totaled $855,000, with 83.6% coming from long positions. In the most recent 4 hours, liquidations were $137,000, with longs accounting for 99.3%. People chasing longs haven’t waited for a rebound yet—their positions were cut first. Mainstream exchanges still have positive fee rates; Binance is around 0.067% per 10,000, so going long still costs money.
$AVAX $BTC
When the positions and longs withdraw together, do you think AVAX will keep getting shaken out?
View in real time: https://www.coinboss.com/currencies/AVAX