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Avalanche (AVAX) drops 4% in an hour amid $650K long liquidations, still up 8.7% in 24 hours

Market News
29 Sep 2026
Tokenpost
View Source
Bearish
Avalanche (AVAX) drops 4% in an hour amid $650K long liquidations, still up 8.7% in 24 hours

Avalanche (AVAX) experienced a sharp 4.01% price drop within one hour, falling to $11.17 from $11.64 on September 29. Despite this short-term decline, AVAX remains up 8.71% compared to its price 24 hours earlier. The price movement triggered $650,000 in long position liquidations across major exchanges Binance, Bybit, and OKX, while no short liquidations were reported. Avalanche holds the 27th position in market capitalization, valued at approximately $4.99 billion. This volatility highlights active trading and potential market shifts for AVAX investors.

Avalanche (AVAX) trades at Rp201.002 on Pluang as of September 29, 2026, 23:04 WIB, showing a 7.96% gain over the past day. The platform records a market capitalization of Rp89.22 trillion for AVAX, with a 24-hour trading volume of Rp18.39 trillion. Despite recent volatility, typical hold time on Pluang remains steady at 87 days, indicating sustained investor interest.

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