Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»AVAX Traders Bet on Price Decline Despite Positive Market Indicators – Why?
ALTCOIN NEWS

AVAX Traders Bet on Price Decline Despite Positive Market Indicators – Why?

By Crypto FlexsJuly 7, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
AVAX Traders Bet on Price Decline Despite Positive Market Indicators – Why?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Activity in the spot market did not match expectations of weakness in the derivatives markets.
  • Open contracts have increased and price increases are likely to continue.

Altcoins including Avalanche (AVAX) have been able to maintain their recent uptrend after a price crash a few days ago. However, AMBCrypto found that traders in the market have decided to bet in the opposite direction.

At the time of writing, AVAX’s long/short ratio was 0.88, which is evidence of this sentiment. The long/short ratio acts as a barometer of investor expectations.

To derive the result, you need to divide the number of long positions by the number of short positions.

No confidence in the uptrend

For context, a long is a trader who expects the price to rise and hopes to profit from it, while a short is a trader who bets on a decline.

A long/short ratio greater than 1 means that the average market participant expects prices to rise.

However, if the ratio is below the threshold, the broader expectation is that the price will fall, which was the case for the token.

Source: Coinglass

At the time of writing, AVAX was trading at $27.44, up 9.09% in the last 24 hours. Before that, it had fallen to $22.25. So the above data suggests that traders expect the value to trend back to this area.

However, this may not happen, according to data from Cumulative Volume Delta (CVD), which shows the trading volume of a cryptocurrency based on buy and sell orders in the market.

AVAX demands $30 back

If CVD is positive, it means that there are more buying than selling in the spot market. On the other hand, if it is negative, it means that there is aggressive selling in the market.

According to AMBCrypto’s analysis, the CVD of AVAX on the daily chart was positive, which suggests that buying pressure has increased.

If this remains the same, the AVAX price could rise to $30, and traders who choose to short the cryptocurrency may not be compensated.

AVAX spot purchases increased

Source: TradingView

In addition to the above indicators, AMBCrypto also looked at the Open Interest (OI). The idea behind evaluating OI is to see if AVAX is truly behaving in line with the expectations of traders in the derivatives market.

At the time of writing, OI has increased by $267.12 million and is just inches away from reaching the $300 million market. Open interest is the sum of all open contracts in the market.

An increase means that money is coming into the market and the net position is increasing. However, a decrease means that traders are pulling liquidity out and the net position is decreasing.

For AVAX price, the rise is a good indicator of further upside, which will only happen if it continues.

AVAX Open Interest Supports Price Rise

Source: Santiment


Is your portfolio green? Check out the Avalanche Profit Calculator


Cryptocurrency prices are likely to continue to surge as capital flows into derivatives markets and buying pressure builds in spot markets.

If this is true, the token could hit $30 in a matter of days, meaning bears won’t get any rewards.

Next: Cryptocurrency Funding Rates Fall – How Will Bitcoin, Ethereum Be Affected?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

As Crypto Market cools down, NFT sales decrease from 20%to +$ 102m.

September 8, 2025

Bitcoin, Ethereum and Dogecoin dominate social buzz

September 8, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025

The August password hacking was $ 163 million as the risk of Exchange increased.

September 7, 2025

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

As Crypto Market cools down, NFT sales decrease from 20%to +$ 102m.

September 8, 2025

Bitcoin, Ethereum and Dogecoin dominate social buzz

September 8, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Most Popular

UCalgary partners with Covalent for innovative blockchain data collaboration

February 12, 2024

A cryptocurrency expert reveals why the price of XRP rose 1,700% to $10.

March 20, 2024

NVIDIA Showcases AI Security Innovations at Major Cybersecurity Conference

September 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.