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AVAX drops 14% amid strong whale activity but heavy short selling pressures price lower.

Market News
06 Jun 2026
AMBCrypto
View Source
Bearish
AVAX drops 14% amid strong whale activity but heavy short selling pressures price lower.

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 trader conviction and participation. Without renewed buying momentum, AVAX may continue its downtrend as bears dominate the market.

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