Daily fees have been cut in half, and the position still hasn’t been unloaded.
$AVAX on-chain daily fees are about 7,900, down 50% from the previous period.
HL position: about 21.7 million; daily: about 2.71 million; density: 8.0.
Binance: 9.89, down 1.3% on the day.
The ledger cooled first, but inventory is still there—record it as a liability; don’t call it an L1 rebound.
#AVAX结构 #on-chain fees
$AVAX on-chain daily fees are about 7,900, down 50% from the previous period.
HL position: about 21.7 million; daily: about 2.71 million; density: 8.0.
Binance: 9.89, down 1.3% on the day.
The ledger cooled first, but inventory is still there—record it as a liability; don’t call it an L1 rebound.
#AVAX结构 #on-chain fees