AVAX price plunged to its lowest level since early 2021, falling to around $6.26 after a broad crypto market liquidation wiped out key support near $8. This drop followed Bitcoin briefly falling below $60,000, triggering leveraged long liquidations and extreme market fear. Despite strong institutional activity and new regulated futures, AVAX suffered heavy losses with over 70% of derivatives positions short, indicating bearish sentiment. Traders are closely watching the $6.25 support level, as a break below could lead to further declines toward $5.46 and $4.68, while reclaiming levels above $8.20 is needed to signal a potential recovery.
AVAX fell 14% in 24 hours despite increased whale activity, breaking key support at $8.05. Over 70% of traders hold short positions, signaling bearish sentiment and expectations of further decline. Total Open Interest has dropped, indicating reduced ...
Major cryptocurrencies experienced significant price declines, with Bitcoin falling 4.25% to $60,761 and Ethereum dropping 9.86% to $1,592. Other notable losses include Binance Coin down 4.74% and Cardano plunging nearly 15%. This broad sell-off refl...
Leading cryptocurrencies like Bitcoin and Ethereum experienced significant price declines, with Bitcoin falling about 6.57% to $66,870 and Ethereum dropping nearly 5% to $1,901.68. This broad market sell-off reflects investor caution and potential pr...
