$AVA is printing a clear positioning divergence while price retests local range resistance.

Binance cold wallets continue to consolidate supply, holding nearly 28% of the circulating float.

While on-chain spot accumulation remains quiet following a 500K whale sell-off 8 days ago, the derivatives positioning tells the real story.

Positioning & Derivatives Data

• Open Interest: +11.3% expansion up to $7.9M
• Overall Accounts L/S: 0.67 (retail leaning heavily short)
• Top Trader Positions L/S: 1.50 (smart money sitting heavily long)

Retail traders are actively shorting into this bounce, while top traders are accumulating long position weight as Open Interest rises.

When top traders stack long positions into rising Open Interest while retail shorts the move, short liquidity stacks above the 0.300 range highs for a potential squeeze