bullish

Record

Avalanche

Spot

<p><strong>Avalanche</strong><a href="https://yellow.com/asset/avax" rel="noopener noreferrer nofollow">(AVAX)</a> recorded more than $35 million in exchange outflows over the past week as <a href="https://yellow.com/news/avalanche-price-bounces-from-dollar29-low-but-faces-critical-dollar3840-breakout-test" rel="noopener noreferrer nofollow">buyers continued absorbing supply</a> near the $9.15 zone.</p>
<h2 id="key-points">Key Points:</h2>
<blockquote>
 <ul>
  <li>AVAX whales moved over $35 million off exchanges, with one wallet alone pulling $2.2 million from <strong>Coinbase</strong>.</li>
  <li>Spot AVAX ETF inflows stayed at zero, while retail and large holders kept accumulating.</li>
  <li>Price held inside an $8.21 to $10.45 range, with Open Interest sliding 7.27% to roughly $358.79 million.</li>
 </ul>
</blockquote>
<h2 id="whale-outflows-reshape-avax-supply">Whale Outflows Reshape AVAX Supply</h2>
<p>Wallet 0x5D2 withdrew close to $2.2 million worth of AVAX from Coinbase and then redistributed 12.82K AVAX and 2.56K AVAX into separate addresses, according to on-chain data <a href="https://ambcrypto.com/avax-whales-withdraw-35-mln-from-exchanges-can-price-reclaim-10-45/" rel="noopener noreferrer nofollow">tracked</a> this week.</p>
<p>Retail demand stayed active even as Spot AVAX ETF inflows printed zero across the same period.</p>
<p>The split reflects cautious institutional positioning alongside smaller participants quietly pulling tokens off venues. Circulating exchange liquidity kept shrinking around current price levels, a pattern that often points to holding intent rather than near-term selling.</p>
<p><strong>Also Read:</strong><a href="https://yellow.com/news/xrp-loses-support-eyes-131-drop" rel="noopener noreferrer nofollow">XRP Loses Key Support, Now Eyes A Drop Toward $1.31</a></p>
<h2 id="range-trade-around-9-15">Range Trade Around $9.15</h2>
<p>AVAX kept trading inside a broad band between $8.21 support and $10.45 resistance, stabilizing near $9.15 on the daily chart.</p>
<p>The <a href="https://yellow.com/learn/the-relative-strength-index-rsi-what-it-is-and-how-it-works" rel="noopener noreferrer nofollow">Relative Strength Index</a> printed 44.82 on the daily timeframe, sitting below the neutral 50 line and pointing to weakened bullish momentum.</p>
<p>Buyers defended the lower boundary repeatedly after the token rejected deeper downside moves through Feb. and March. A reclaim of $10.45 with stronger participation could open the path toward the $12.34 macro resistance, though current structure still favors sideways action.</p>
<h2 id="derivatives-cool-as-liquidation-clusters-build">Derivatives Cool As Liquidation Clusters Build</h2>
<p>Open Interest fell 7.27% to roughly $358.79 million during the consolidation, signaling that leveraged traders had begun trimming exposure. Speculative participation softened after several failed breakout attempts near upper resistance.</p>
<p>Liquidation heatmap data showed dense short clusters between the $9.30 and $9.50 levels, with the heaviest concentration near $9.50.</p>
<p>Downside liquidity continued building around the $9.00 support region. Such clustered structures often amplify price reactions once liquidations start cascading.</p>
<p>Earlier this cycle, AVAX collapsed from $28.39 to $8.77 in a single October 2025 session as whale exits <a href="https://www.ainvest.com/news/avalanche-avax-volatility-institutional-sentiment-whale-withdrawal-reveals-2512/" rel="noopener noreferrer nofollow">coincided</a> with a 10% drop in on-chain locked tokens, underscoring how quickly large-holder behavior can swing the chart.</p>
<p><strong>Read Next:</strong><a href="https://yellow.com/news/ethereum-network-empties-staking-record-supply" rel="noopener noreferrer nofollow">Ethereum Network Empties Out As Staking Locks A Record 32% Of Supply</a></p>

AVAX Whales Quietly Pull $35M From Exchanges, Squeeze Supply

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Yellow News

Other articles published on May 27, 2026

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