AVAX and BTC: moving together or splitting apart?
At 17:13 Beijing time, Binance spot USDT pairs:
Over the rolling 24 hours, AVAX fell 1.83% and BTC fell 1.90%—moving together.
Over the rolling 7 days, AVAX fell 7.30% and BTC fell 4.93%—also moving together.
They moved in the same direction in both time windows. Based on these two sets of numbers, AVAX did not move opposite to BTC in either window. Moving together doesn’t mean moving by the same amount: over 24 hours, AVAX fell 1.83% versus BTC’s 1.90%, so AVAX’s move was smaller.
Now let’s look at where they are: using the 24-hour high-to-low range as a scale, AVAX’s current price is at about 46% of the way up, while BTC is at about 35%. 0% means right at the low; 100% means right at the high.
Trading volume, for comparison: in the same window, BTC’s USDT trading volume was about 100 times AVAX’s. This is only a comparison of trading scale. Trading volume does not equal net capital inflow, nor does it explain why prices moved today.
A reality check: these are numbers for what has already happened, not a forecast. They moved together today, but could diverge tomorrow; a 7-day decline doesn’t mean a rebound is imminent. Don’t use “whether it’s following BTC” as a reason to buy or sell.
When you look at altcoins, do you check them against BTC first?
$AVAX $BTC
At 17:13 Beijing time, Binance spot USDT pairs:
Over the rolling 24 hours, AVAX fell 1.83% and BTC fell 1.90%—moving together.
Over the rolling 7 days, AVAX fell 7.30% and BTC fell 4.93%—also moving together.
They moved in the same direction in both time windows. Based on these two sets of numbers, AVAX did not move opposite to BTC in either window. Moving together doesn’t mean moving by the same amount: over 24 hours, AVAX fell 1.83% versus BTC’s 1.90%, so AVAX’s move was smaller.
Now let’s look at where they are: using the 24-hour high-to-low range as a scale, AVAX’s current price is at about 46% of the way up, while BTC is at about 35%. 0% means right at the low; 100% means right at the high.
Trading volume, for comparison: in the same window, BTC’s USDT trading volume was about 100 times AVAX’s. This is only a comparison of trading scale. Trading volume does not equal net capital inflow, nor does it explain why prices moved today.
A reality check: these are numbers for what has already happened, not a forecast. They moved together today, but could diverge tomorrow; a 7-day decline doesn’t mean a rebound is imminent. Don’t use “whether it’s following BTC” as a reason to buy or sell.
When you look at altcoins, do you check them against BTC first?
$AVAX $BTC
