AVAX is currently under short-term pressure from adverse external macro factors and bearish market sentiment, lacking effective momentum for a rebound. If it fails to quickly return above $9, the bearish dominance is unlikely to change. In the long term, network activity and institutional fund locking provide mid- to long-term support for prices, while its compliance properties significantly enhance investment appeal. It is necessary to be alert to large asset movements on-chain and compliance risks, which may impact liquidity and valuation. Strategically, short-term observation is advised, and for mid-term, attention should be paid to stabilization signals around $8.5 and below. Conservative investors are recommended to closely monitor regulatory trends and the sustainability of the network ecosystem.

Recently, AVAX has shown an overall downward consolidation trend. After reaching a high of $10.49 on March 16, it has repeatedly closed at daily lows lower than previous points, reaching a minimum of about $8.78 at the end of March and closing near $8.92. Community sentiment remains bearish, with short-term holdings data showing over 77% of addresses are inclined to short. On the macro front, rising US Treasury yields, a strengthening US dollar, and escalating geopolitical risks have jointly triggered a nearly 5% sharp drop. Though technical indicators signaled oversold conditions near $8.5, suggesting signs of selling pressure easing, if AVAX cannot effectively retake the $9 level, the bearish advantage will persist.

As of March 24, Hyperinsight monitoring reveals significant divergence in long-short ratios on the Hyperliquid platform. TAO, ZRO, and ASTER are dominated by long positions with 74.62%, 78%, and 67.53% of addresses long respectively. Conversely, WLD, TRUMP, and AVAX show concentrated short positions at 85.42%, 78.13%, and 71.86% of addresses short respectively.

Hyperliquid long-short ratio shows significant divergence: TAO, ZRO, ASTER dominated by bulls, WLD, TRUMP, AVAX concentrated with bears.

The crypto market dropped 3.4% in hours, with Bitcoin falling to $66,510, a two-week low. Major coins like ETH, XRP, Solana, and AVAX fell about 5%, shifting sentiment to extreme fear. Key causes include rising 10-year U.S. Treasury yields nearing 4.5%, a stronger U.S. dollar, Middle East geopolitical tensions, $15.58 billion in Bitcoin and Ethereum options expiring, and $451 million in liquidations. Institutional demand also weakened amid uncertainty.

Why Crypto Market Is Crashing Today: Bitcoin Hits $66.5K

AVAX has maintained its price between $8 and $9 despite resistance preventing upward momentum, reflecting a bearish trend with lower highs and lows. Technical indicators show potential easing of selling pressure, while significant on-chain activity, including 800,000 AVAX moved into DeFi and large withdrawals from exchanges, suggests renewed investor interest and possible accumulation. Key support and resistance levels could trigger sharp volatility and influence AVAX’s future direction.

AVAX’s Tenuous Hold on Stability Sparks Speculation

Avalanche's underlying network momentum continues to strengthen, with C-Chain daily transaction volume increasing from several hundred thousand mid last year to 2.3–2.7 million, peaking above 3 million, reflecting rapid expansion of institutional and tokenized business activity. Ecosystem upgrades and subnet expansion have reduced usage costs, propelling the on-chain migration of real-world assets. Meanwhile, a large volume of AVAX is flowing into DeFi protocols, with significant increases in locking and staking, indicating long-term fund placement intent. Additionally, the designation of AVAX as a digital commodity by US regulators further boosts institutional participation, laying a foundation for price stabilization and gradual verification of network value.

Avalanche's C-Chain is experiencing a surge in activity, processing 2.3 to 2.7 million daily transactions, peaking above 3 million—a 10x increase since mid-2025. This growth is driven by institutional adoption, tokenized real-world assets, and infrastructure upgrades reducing costs. Despite this, $AVAX trades around $8.73, down 93% from its all-time high. Avalanche remains undercovered amid rising on-chain metrics and new spot ETFs.

Avalanche Activity is Quietly Surging: 3M Transactions Per Day?!

Avalanche ($AVAX) is trading around $9.70 with a market cap near $3.8 billion, consolidating below the $10 resistance after being classified as a U.S. “digital commodity.” Recent upgrades improving speed, cost, and security, along with subnet expansion and growing real-world asset tokenization, support its fundamentals despite subdued price action. Institutional interest and scaling strategies position Avalanche for long-term growth amid a broader L1 market pause.

Avalanche price holds near $9.70 as U.S. ‘digital commodity’ ruling meets subnet growth

Recently, there have been several large-scale asset transfers on-chain, with some newly created wallets withdrawing nearly $16 million in various tokens from exchanges in one go and splitting them across multiple addresses. This could indicate arbitrage or escape behavior. Moreover, a report highlighted that over $4.7 million was involved in money laundering via Avalanche's cross-chain channels and deposited in batches into the Aave lending protocol. Such incidents increase the likelihood of platform compliance checks and regulatory intervention, potentially applying pressure to market liquidity and investor confidence.

A newly created wallet withdrew approximately $15.9 million worth of various tokens from Binance, including ENA, AAVE, AVAX, UNI, ONDO, and PENDLE. The assets were then transferred to two different wallet addresses, as reported by on-chain analyst The Data Nerd.

A new wallet withdrew a total of approximately $15.90 million in various tokens from Binance 7 hours ago and transferred them to two addresses.

Russian OTC broker Aleksandr Khinkis is suspected of laundering over $4.7 million for ransomware groups since July 2025, involving 796 Bitcoin across three ransom payments. Funds were moved from Bitcoin to Avalanche through cross-chain transactions and split into 75 deposits. About $16.6 million remains in Aave, being withdrawn in batches. Khinkis operates mainly in Southeast Asia and Australia, complicating law enforcement efforts. Victims are urged to report related addresses promptly.

ZachXBT: A Russian OTC broker helped launder over $4.7 million for ransomware, with funds flowing from BTC to Avalanche.

Avalanche

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AVAX price today is 9.37, with a live price change of 4.79 in the last 24 hours. Convert, buy, sell and trade AVAX on Bybit-ge.

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