$AVAX recorded over $35 million in exchange outflows during the past week as accumulation activity intensified across the market.
Whale wallet 0x5D2 alone withdrew nearly $2.2 million worth of $AVAX from Coinbase before redistributing 12.82K $AVAX and 2.56K $AVAX into separate personal wallets.
Retail demand also remained active despite Spot $AVAX ETF inflows staying at $0 throughout the period.
This divergence reflected cautious institutional positioning while smaller participants continued absorbing supply from exchanges. As a result, circulating exchange liquidity kept shrinking around current price levels.
Such aggressive outflow behavior often reflects growing holding interest rather than immediate sell-side intent across the broader market structure.
Can $AVAX reclaim the $10.45 barrier？
$AVAX continued trading inside a broad consolidation range between the $8.21 support and $10.45 resistance zone. Buyers repeatedly defended the lower boundary after price rejected deeper downside moves during February and March.
The daily chart also showed $AVAX stabilizing near $9.15 while avoiding another breakdown below the established range floor. However, the asset remained trapped beneath the key $10.45 resistance, preventing bullish continuation from fully developing.
Price structure still reflected compression rather than expansion across higher timeframes. The Relative Strength Index remained below the neutral 50 level while printing 44.82 on the daily timeframe.
This reading showed bullish strength had weakened after several failed recovery attempts near resistance. If buyers reclaim the upper resistance region with stronger participation, $AVAX could attempt a move toward the $12.34 macro resistance.
Until then, the ongoing structure continued favoring sideways movement inside the broader consolidation zone.
Source: TradingViewTraders reduce leveraged $AVAX exposure
Derivatives activity weakened as Open Interest declined 7.27% to nearly $358.79 million during consolidation. This reduction showed leveraged traders had started reducing exposure while $AVAX remained trapped inside its established range.
The decline also reflected lower speculative participation after recent failed breakout attempts near resistance. Unlike aggressive trending phases, the market currently showed hesitation from both bullish and bearish participants across derivatives platforms.
Reduced leverage often decreases volatility temporarily because fewer traders maintain oversized positions.
However, shrinking Open Interest also suggested conviction remained limited near current levels. If prices reclaim higher resistance while OI expands again, stronger directional activity could return across the derivatives market.
Source: CoinGlassLiquidation clusters build near resistance
Liquidation heatmap data showed dense short liquidation clusters building between the $9.30 and $9.50 levels. These zones represented potential volatility magnets if buyers forced prices higher during upcoming sessions.
The strongest liquidity concentration appeared near $9.50, where large leveraged short positions had accumulated recently.
Meanwhile, downside liquidity continued building around the $9.00 support region as traders positioned around the current consolidation zone.
Such clustered leverage structures often increase sudden price reactions once liquidity begins triggering rapidly.
Although $AVAX remained relatively stable near $9.15, nearby liquidation pressure continued expanding on both sides of the market. If buyers push through upper liquidity zones, short liquidations could accelerate upward price movement toward higher resistance areas.
Source: CoinGlassFinal Summary
- $AVAX exchange supply keeps shrinking as whales continue moving tokens into private wallets.
- Traders reduced their leveraged exposure while price stayed trapped below the $10.45 resistance.