š„š±š„#Update : $AVAX Drops 10% Amid Suspicious Whale Moves: Whatās Next?š±š
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šµš»āāļø Whale Activity: 1.96 million AVAX ($54.2 million) moved to major exchanges, triggering a 10% price drop.
š¤ Bearish Signal: 50-period MA crossed below the 200-period MA, indicating a "death cross."
šMarket Sentiment: Despite the drop, the derivatives market shows bullish sentiment.
š³ Investor Behavior: Mixed signals with large holders not cashing out significantly, hinting at potential stability.
š„µUnexpected Moves: Predominant losses on long positions, contradicting the bullish market sentiment.
DYOR for financial activities. NFA.
