Look, 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.