I set an alarm for 8 just to watch the AVAX unlock, but when I checked the chart, 1.67 million tokens had landed right on time—and there wasn’t a single seller dumping in sight.
$AVAX Current price: $8.21, down 1.49% today, with 6.24 million tokens traded over 24 hours, worth more than $51 million. $14 million worth of sell pressure hit the market, and it barely made a ripple.
The interesting part is the other side: AVAX is already down 39% this year, more than halved over the past year, and 77.5% of the supply has already been released. The unlock drama has been played out to death. Anyone afraid of the unlock had already left before 8; those who stayed simply don’t care about this 0.38%.
The max pain for options expiring today is still looming overhead at $8.30. At the $8 level, do you think the bad news is fully priced in and it’s worth taking a punt, or do you think it can’t even hold $8, with $7 the next stop?
$AVAX $BTC
#AVAX #解锁 #Bitcoin
$AVAX Current price: $8.21, down 1.49% today, with 6.24 million tokens traded over 24 hours, worth more than $51 million. $14 million worth of sell pressure hit the market, and it barely made a ripple.
The interesting part is the other side: AVAX is already down 39% this year, more than halved over the past year, and 77.5% of the supply has already been released. The unlock drama has been played out to death. Anyone afraid of the unlock had already left before 8; those who stayed simply don’t care about this 0.38%.
The max pain for options expiring today is still looming overhead at $8.30. At the $8 level, do you think the bad news is fully priced in and it’s worth taking a punt, or do you think it can’t even hold $8, with $7 the next stop?
$AVAX $BTC
#AVAX #解锁 #Bitcoin