Avalanche (AVAX) recorded more than $35 million in exchange outflows over the past week as buyers continued absorbing supply near the $9.15 zone.
Key Points:
- AVAX whales moved over $35 million off exchanges, with one wallet alone pulling $2.2 million from Coinbase.
- Spot AVAX ETF inflows stayed at zero, while retail and large holders kept accumulating.
- Price held inside an $8.21 to $10.45 range, with Open Interest sliding 7.27% to roughly $358.79 million.
Whale Outflows Reshape AVAX Supply
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 tracked this week.
Retail demand stayed active even as Spot AVAX ETF inflows printed zero across the same period.
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.
Also Read: XRP Loses Key Support, Now Eyes A Drop Toward $1.31
Range Trade Around $9.15
AVAX kept trading inside a broad band between $8.21 support and $10.45 resistance, stabilizing near $9.15 on the daily chart.
The Relative Strength Index printed 44.82 on the daily timeframe, sitting below the neutral 50 line and pointing to weakened bullish momentum.
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.
Derivatives Cool As Liquidation Clusters Build
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.
Liquidation heatmap data showed dense short clusters between the $9.30 and $9.50 levels, with the heaviest concentration near $9.50.
Downside liquidity continued building around the $9.00 support region. Such clustered structures often amplify price reactions once liquidations start cascading.
Earlier this cycle, AVAX collapsed from $28.39 to $8.77 in a single October 2025 session as whale exits coincided with a 10% drop in on-chain locked tokens, underscoring how quickly large-holder behavior can swing the chart.
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