Just crawled out of bed and took a look at the market: $AVAX is still languishing at $8.2, down more than 2% in 24 hours, while $BTC is also dawdling at $75.6k.
At 8 sharp this morning, 1.67 million AVAX unlocked on schedule—$14 million worth, from the foundation's holdings.
Not a huge amount, just 0.38% of the circulating supply, but not insignificant either—on Thursday it was still at $8.93, and the order book is usually thin over the weekend. That $14 million is enough to punch a hole through the $8 level.
A) Unlocks mean a sell-off; if $8 doesn't hold, straight to $7.5 / B) It's only 0.38% of the supply, not enough to move the market; $8.2 is the bottom for this run.
$AVAX $BTC
#雪崩 #解锁 #AVAX
At 8 sharp this morning, 1.67 million AVAX unlocked on schedule—$14 million worth, from the foundation's holdings.
Not a huge amount, just 0.38% of the circulating supply, but not insignificant either—on Thursday it was still at $8.93, and the order book is usually thin over the weekend. That $14 million is enough to punch a hole through the $8 level.
A) Unlocks mean a sell-off; if $8 doesn't hold, straight to $7.5 / B) It's only 0.38% of the supply, not enough to move the market; $8.2 is the bottom for this run.
$AVAX $BTC
#雪崩 #解锁 #AVAX