Whales are buying this currency in the floor!

Whales are buying this currency in the floor!

By Web3Pen | DeFi Nexus | 22 Mar 2025


93461fb1c3ac38a447f179260f42406ee06b249d83fac7eabb862ce5bbb7f46c.pngLook, whales are picking up AVAX in the price floor, but are we going to see a growth? Avax hasn't been interesting in a few days. Hey, the price is falling, and it hasn't shown a strong return yet. AVAX has lost about 10% of its value in a week and the market is still not pleasant for bulls.

But there's one thing we shouldn't ignore: whales are slowly buying AVAX and taking it out of the exchanges. What does that mean? I mean, some people are opening a price refund. In the last 24 hours, 314 heavy transactions have been recorded, a significant increase from the March 16 floor of 109.

But there's still a problem; trading volume is 38%, which means traders are still dudland. On the other hand, trading has fallen again, meaning no one is in a hurry to open new positions. In short, the market is in a critical spot.

If bitcoin stays above 84,000 and the market takes a radical shake-up, AVAX might also take a sigh of relief. But if support is lost, another drop could be on the way. It's not a double-header for anyone right now, but things can change at any moment.

Never forget risk management.

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DeFi Nexus
DeFi Nexus

I’m passionate about the world of cryptocurrencies and decentralized finance. I enjoy sharing updates and insights to make these exciting topics easy to understand and fun to explore.

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