$AVAX Longs Liquidated: $4,340.8 at $17.6454 – Avalanche Just Crushed the Bulls
The market just sent a brutal message — $4,340,800 in long positions on $AVAX were liquidated at $17.6454, and the blood is still fresh.
This wasn't a random drop. This was a calculated liquidation event, engineered to flush out overleveraged traders, hit stop losses, and clear weak hands from the board.
Let’s break down the move:
What happened?
Major long interest built up around the $18.00 range.
Whales likely spotted the liquidation cluster and triggered a sell-off.
Once $17.80 broke, a chain reaction began.
The liquidation level at $17.6454 was the tipping point, and $4.34M got nuked.
Market psychology at play:
Retail traders were overconfident, expecting a bounce.
The setup was too obvious, and the market punished it.
Liquidity was low — the perfect condition for a stop-hunt.
Important levels to watch next:
Immediate support: $17.20 – if this cracks, expect $16.50 and even $15.80.
Resistance to reclaim: $18.10 – bulls must flip this or risk further downside.
High-timeframe support: $15.00 – this is a make-or-break level for AVAX’s bullish structure.
Next move?
If $AVAX holds above $17.20 and builds support, a short squeeze toward $18.50 is possible.
But if it fails, we may be heading into a deeper correction phase, targeting mid-$15s.
Pro Tip:
If you’re planning a fresh long, wait for confirmation above $18.10 with a tight stop loss at $17.40.
If you’re going short, entries below $17.20 with a stop loss above $17.90 make sense.
Remember:
This market punishes emotion and rewards discipline.
The liquidation wasn’t the end — it was a signal. The next move is setting up now. Be ready.
