AVAX Avalanche: 27% Plunge into Chaos – Bulls Laugh Last at $30?! 😂

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<a href="https://bbg-news.com/avax-usd/">AVAX</a> Avalanche: 27% Plunge into Chaos – Bulls Laugh Last at $30?! 😂

Key Takeaways

What blasphemous force unleashed AVAX’s apocalyptic 27% nose-dive?

Ah, the whimsical whims of the market gods – a sudden shock flipped sentiment like an elephant on a unicycle, vaporizing hapless AVAX longs, while the big-brained smart money chuckled, already hoarding at $25, plotting their galactic breakout. 🚀😏

Why is this snowy Avalanche hinting at a comeback, like a bad joke with a punchline?

Stubborn spot demand and relentless on-chain gobbling terrified the fainthearted weak hands into submission, letting the bullish overlords reclaim their fortress around $22. Bull control achieved – or so they pantingly hope! 👀🙃

Oh, dear reader in this infinite crypto cosmos, Avalanche [AVAX] decided to throw a tantrum, plummeting like a hyperactive squirrel on caffeine, utterly baffling the bullish hordes.

As AMBCrypto sagely noted, the clever money folk were sneakily stockpiling AVAX amid its sideways dance around $25, amassing a cheeky $6 million for what promised to be a triumphant breakout. How quaint! 😅

But fate, that meddlesome sod, timed it terribly. A market shock arrived like an unexpected pizza – wrong topping – flipping sentiment faster than a page in the Hitchhiker’s Guide, sparking a grand exodus of assets.

AVAX escaped unharmed? Ha! It tumbled 27%, earning dubious honors as the day’s most pummelled victim. 🫠

The aftermath? A domino disaster of $222 million in 24-hour liquidations, with a whopping 93% from long-suffering holders. Shocking? Not terribly.

The bulls were agog at $25, while AVAX pirouetted sideways for two weeks. Studying Binance‘s AVAX/USDT perpetuals, a long bias reigned – over 70% betting long, like stacking Jenga blocks under a drunk elephant. 💥

If the spot bids hold firm, presto! A classic leverage purge: whiney hands ejected, steely accumulators hoovering up the crumbs. Will bulls rally for $30? Or wallow in FUD like confused Vogons? 🤔🌚

AVAX hoarding hints – Bulls plotting a sneaky encore

In five intense minutes, AVAX warriors flexed with fury.

Mid-market meltdown, Avalanche human-sledded 50% to $10, then defied gravity with a 143% rebound, snagging $22 like a pro. On-chain oracles nodded approvingly.

DeFiLlama’s metrics soared from $589 million to $2.8 billion – traders guzzling supply like it’s free galactic beer at Milliways. Strong demand? Affirmative! 🥳

And the saga continues, unfolding like a improbably structured plot.

DEX Volume exploded to $827 million, the juiciest daily surge in eons, fueling a 9.85% intraday surge – bulls invading with pitchforks, as it were.

This pullback? Merely a theatrical exorcism of overexcited longs, darling. Now, a fortified $22 wall bulks up as leverage evaporates, paving a path to $30 victory – or perhaps another farce in the grand cosmic comedy. Stay tuned, improbable hitchhikers! 😂📈


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2025-10-12 08:13