$AVAX Whale trading volume surges 98%, is the bull market coming?
Recently, AVAX's whale activity has been very lively, with trading volume suddenly increasing by 98% to $226.19 million, which clearly shows that the market is quite interested in it.
Although there is no big change in active addresses, the liquidation data has revealed some news that the price may rise to $31.
The whales have been serious recently, and the increase in large transactions is really impressive.
Just yesterday, those big players traded $226.19 million in AVAX, and it seems that large investors are paying more and more attention to it.
However, this surge in trading volume has not caused any major changes in overall trading activities, but the price of AVAX has begun to show some signs of rising.
Interestingly, the whales are so active, but the active addresses have not increased much. This shows that it may be that big investors are making big moves, while small retail investors are still waiting and watching.
Now, AVAX is testing the key support level of $26.22. After falling 22% last week, it is trying to rise.
The next few days will be important for AVAX. The price must hold at this support level, otherwise it may continue to fall. But if it holds, the chances of a price rebound are high.
