Revolut’s $1.2M AVAX Sale Fails to Dent Bullish Avalanche Setup

Fintech firm Revolut offloaded 177,620 AVAX tokens, worth roughly $1.2 million, through Coinbase, according to on-chain tracking cited by AMBCrypto. The transfer has drawn attention to how corporate treasuries manage crypto exposure, but broader market data suggests the sale has not triggered a wider wave of institutional selling in Avalanche.

Despite the high-profile move, exchange netflows across tracked venues stood at -$1.04 million, meaning withdrawals continued to outpace deposits. That reading indicates buyers were still pulling AVAX off exchanges rather than positioning tokens for a quick sell-off, and that Revolut’s transaction did not prompt other large holders to follow suit.

Exchange flows point to steady demand

The negative netflow figure is being read as a sign that spot demand absorbed the fresh supply generated by Revolut’s transfer without disrupting overall market balance. Analysts note that a single treasury-related sale does not by itself confirm a broader institutional retreat from Avalanche.

If more corporate holders begin routing tokens to exchanges in a similar fashion, available spot liquidity could gradually tighten and put pressure on prices. For now, though, the data shows no such pattern has emerged beyond the isolated Revolut sale.

Leveraged traders stay heavily long

Derivatives positioning on Binance remained skewed toward bulls even after news of the sale broke. The platform’s Top Trader Long/Short Ratio reached 2.82, with 73.84% of accounts holding long positions compared with 26.16% short, according to data referenced by AMBCrypto.

Such lopsided positioning signals continued confidence among leveraged traders that AVAX prices will climb further. However, it also raises the risk of a sharp liquidation cascade should additional corporate sellers appear, since a sudden price drop could force many long positions to unwind at once.

AVAX eyes $7 after rebound from support

Avalanche’s native token has recovered after defending the $5.88 support level, trading near $6.85 and sitting just below the psychologically significant $7.00 resistance. The rebound followed a sharp decline in June and has produced a pattern of higher lows as buyers regained control.

Technical indicators are leaning bullish: the MACD shows a bullish crossover with expanding green histogram bars, while the Parabolic SAR remains below price, confirming the shift in trend momentum. If buyers can push through $7.00 with sustained volume, the next resistance level sits at $8.22.

A failure to clear $7.00, however, could send AVAX back toward its recent support zone before another attempt at breaking higher. Traders are watching whether the current bullish structure holds or whether renewed corporate selling could trigger a broader reset in leveraged positioning.

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