SHOCKING COLLAPSE! $AVAX Gives Back the ETF Gains—Is The Institutional Dream DEAD? ⚠️
The price action for $AVAX is deeply concerning. After the strong pump earlier this month on the $1B Treasury Initiative and ETF filing news, the token has crashed from a high near $36.16 to the current level of $28.47. This is a full retrace, wiping out weeks of bullish momentum!
The volume over the last 7 days shows heavy distribution. Are the large institutional players who bought the news now dumping into the market sell-off? The crypto market is in "Red September", and Layer 1 tokens like this are being hit hard. If $28.23 breaks, the path to the $25 lows is wide open.
Do you trust the fundamentals (Treasury Initiative, ETF filings) over the panic-selling price action? Hit 'Follow' and let me know your long-term price target! 👇
#AVAX #Avalanche #Layer1 #CryptoCrash #ETF