🔥😱🔥#Update : $AVAX Drops 10% Amid Suspicious Whale Moves: What’s Next?😱📉
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🕵🏻♂️ Whale Activity: 1.96 million AVAX ($54.2 million) moved to major exchanges, triggering a 10% price drop.
🤔 Bearish Signal: 50-period MA crossed below the 200-period MA, indicating a "death cross."
📊Market Sentiment: Despite the drop, the derivatives market shows bullish sentiment.
😳 Investor Behavior: Mixed signals with large holders not cashing out significantly, hinting at potential stability.
🥵Unexpected Moves: Predominant losses on long positions, contradicting the bullish market sentiment.
DYOR for financial activities. NFA.
