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A whale withdrew $1.5M AVAX from Bybit, signaling possible accumulation amid mixed exchange flows.

Market News
23 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

A large holder withdrew 238,651 AVAX tokens worth about $1.5 million from Bybit, reducing the amount held on exchanges and suggesting accumulation rather than selling. However, overall exchange data showed a net inflow of AVAX, indicating some traders moved tokens onto exchanges for trading. Binance top traders remain bullish with a long/short ratio near 2, expecting price recovery despite recent weakness. AVAX is trying to hold support near $5.90 within a descending channel, but broader downtrend pressure remains until key resistance levels are reclaimed. The market awaits clearer signs of buyer control to confirm a sustained recovery.

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