Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • 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

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

XRP price falls 6% as market crash causes whales to flee

October 15, 2025

US government holds $36 billion in Bitcoin after largest confiscation in history

October 15, 2025

Decoding City Protocol’s IP Capital Market

October 14, 2025

Tria Raises $12M To Be The Leading Self-custodial Neobank And Payments Infrastructure For Humans And AI.

October 14, 2025

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025

Collaboration Across Bybit, DigiFT And UBS UMINT Expands Collateral Solution For Institutions

October 13, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 3.03 Million Tokens And Total Crypto And Cash Holdings Of $12.9 Billion

October 13, 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

XRP price falls 6% as market crash causes whales to flee

October 15, 2025

US government holds $36 billion in Bitcoin after largest confiscation in history

October 15, 2025

Decoding City Protocol’s IP Capital Market

October 14, 2025
Most Popular

Telegam CEO Durov indicted in France must remain in France under supervision

August 28, 2024

Bitcoin Ichimoku Cloud, BTC Price Rebounds from 4-Month Low, Relief

July 5, 2024

HashKey unveils the XRP tracker fund that is supported by Ripple. Is there an ETF on the corner?

April 19, 2025
  • 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.