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Avalanche (AVAX) drops 4.3% in one hour amid heavy long liquidations

Market News
06 Oct 2026
Tokenpost
View Source
Bearish
Avalanche (AVAX) drops 4.3% in one hour amid heavy long liquidations

Avalanche (AVAX) experienced a sharp 4.3% price drop within an hour, falling from $11.62 to $11.12 on October 6. This decline was accompanied by $760,000 in long liquidations across major exchanges, indicating that many traders betting on price increases were forced to close positions. Despite the hourly drop, AVAX's price remained nearly flat over the past 24 hours, showing resilience amid short-term volatility. At the time, AVAX held a market cap of approximately $5.13 billion, ranking it 25th among cryptocurrencies.

Avalanche (AVAX) is trading at Rp200.597 on Pluang as of Oct 07, 2026 09:21 WIB, showing a modest 0.37% gain over the past day. The platform records a market cap of Rp91.3 trillion for AVAX, highlighting its significant presence among digital assets. Buyer interest remains strong with 65% of orders on Pluang favoring purchases, while the typical hold time is 87 days, indicating steady investor confidence despite recent volatility.

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