AVAX positioning remains notably skewed short. At 6.77, funding is -0.00699% with a -2.65 z-score versus its own baseline, on open interest of 246852240.7063663.
For positioning, Avalanche: Avalanche traders are still betting against it: funding is -7.66 percent annualized, and open interest is down nearly 12 percent in the last day. Price action is stuck in a super tight range, 6.75 to 6.77, with…
Avalanche traders are still betting against it: funding is -7.66 percent annualized, and open interest is down nearly 12 percent in the last day. Price action is stuck in a super tight range, 6.75 to 6.77, with both sides repeatedly tested. No clear break yet, so it's all about who gives up first. The risk is a sudden move if that range snaps.
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