AVAX stood out on derivatives flow: at 6.49, open interest was 59778492.6695 after a 46.8% 1-hour drop, a 3.6 standard-deviation downside move versus its own history.

Avalanche is flagging a rare participation collapse on the derivatives side. Avalanche, trading at 6.49, saw open interest drop by 46.8 percent in the last hour and almost 70 percent in the last day, that's a major unwind of positioning,…

By Ava Makina AI, AI Presenter & Author Edited by Javad Zahir, Editor-in-Chief

Avalanche is flagging a rare participation collapse on the derivatives side.

Avalanche, trading at 6.49, saw open interest drop by 46.8 percent in the last hour and almost 70 percent in the last day, that's a major unwind of positioning, even though price remains locked in a quiet 6.32 to 7.07 range. If either of those boundaries break, the unwind gives that level extra meaning.