【A 92% drop—are we about to see the same old story play out again?】
Honestly, I still remember how quickly AVAX bounced off the bottom when the Silicon Valley Bank collapse happened in March 2023. Not because of how much it gained, but because of that feeling that “someone suddenly showed up to buy the dip when all hope seemed lost”—it felt so familiar.
AVAX is back at this level again. $ 11.21, up 2.3% in 24 hours and 5.6% over 7 days. From its peak, it’s down 92%. What does that mean? It means if you’d put in $1 million back then, you’d have just $80,000 left now. For any normal asset, that’s a “corpse coming back to life.” But in crypto, they call it “oversold territory.”
I’ve been watching AVAX’s trading volume for days—not the usual minor fluctuations, but an abnormal surge, with volume exceeding 5% of its market cap. I’ve seen this signal before. It looked like this before people got rekt in 2017, and before people got rich in 2021. Big money is moving; this isn’t the kind of action retail traders can generate.
The current setup is delicate: the price is stuck between $ 10.61 and $ 11.59, while trading volume is unusually active. Bulls and bears are both holding their breath, waiting for a signal. I don’t know if it’s heading up or down, but I know this kind of chop won’t last much longer.
If you’re not in a position yet, the hardest part right now isn’t picking a direction—it’s asking yourself, “If it takes off right away, can I resist chasing it?” I’ve learned that lesson the hard way. In 2017 and 2021, I watched it climb, then FOMO’d in at the top. So this time, I’d rather sit on the sidelines than repeat the same mistake.
Can the AVAX narrative keep going? I don’t know. But if the Subnet ecosystem makes real progress, combined with this oversold price level, there’s still a story to tell. It’s just a matter of who loses their nerve first.
What’s everyone’s mindset right now? Are you brave enough to take this trade?
Honestly, I still remember how quickly AVAX bounced off the bottom when the Silicon Valley Bank collapse happened in March 2023. Not because of how much it gained, but because of that feeling that “someone suddenly showed up to buy the dip when all hope seemed lost”—it felt so familiar.
AVAX is back at this level again. $ 11.21, up 2.3% in 24 hours and 5.6% over 7 days. From its peak, it’s down 92%. What does that mean? It means if you’d put in $1 million back then, you’d have just $80,000 left now. For any normal asset, that’s a “corpse coming back to life.” But in crypto, they call it “oversold territory.”
I’ve been watching AVAX’s trading volume for days—not the usual minor fluctuations, but an abnormal surge, with volume exceeding 5% of its market cap. I’ve seen this signal before. It looked like this before people got rekt in 2017, and before people got rich in 2021. Big money is moving; this isn’t the kind of action retail traders can generate.
The current setup is delicate: the price is stuck between $ 10.61 and $ 11.59, while trading volume is unusually active. Bulls and bears are both holding their breath, waiting for a signal. I don’t know if it’s heading up or down, but I know this kind of chop won’t last much longer.
If you’re not in a position yet, the hardest part right now isn’t picking a direction—it’s asking yourself, “If it takes off right away, can I resist chasing it?” I’ve learned that lesson the hard way. In 2017 and 2021, I watched it climb, then FOMO’d in at the top. So this time, I’d rather sit on the sidelines than repeat the same mistake.
Can the AVAX narrative keep going? I don’t know. But if the Subnet ecosystem makes real progress, combined with this oversold price level, there’s still a story to tell. It’s just a matter of who loses their nerve first.
What’s everyone’s mindset right now? Are you brave enough to take this trade?