Avalanche (AVAX) 市场经历急剧下滑，但仍有希望吗？

Avalanche [AVAX] 经历了大幅下跌，在短短几个小时内下跌了 10%，这主要归因于大量的鲸鱼交易。

Avalanche (AVAX) has seen a sharp decline over the past few hours, dropping 10% as large whale transactions play a key role in the sell-off.

Avalanche (AVAX) 在过去几个小时内大幅下跌，下跌 10%，因为大型鲸鱼交易在抛售中发挥了关键作用。

One entity, in particular, moved 1.96 million AVAX, valued at $54.2 million, to major exchanges Coinbase, Binance, and Gate, as well as through THORChain.

特别是，有一个实体将 196 万枚 AVAX（价值 5420 万美元）转移到主要交易所 Coinbase、Binance 和 Gate，以及通过 THORChain。

The price drops were also accompanied by high volume, especially during the steep price drop from around $28 to below $26, indicating active selling pressure.

价格下跌也伴随着成交量的增加，特别是在价格从 28 美元左右急剧下跌至 26 美元以下的过程中，表明抛售压力很大。

At press time, AVAX was trading at $27.13, showcasing a 0.23% loss over the past 24 hours and a 3.3% loss weekly.

截至发稿时，AVAX 的交易价格为 27.13 美元，过去 24 小时内下跌 0.23%，每周下跌 3.3%。

The world’s tenth-largest cryptocurrency also saw a 61.3% decrease year to date.

全球第十大加密货币今年迄今也下跌了 61.3%。

However, interesting observations were made from鏈上 metrics and on-exchange behavior.

然而，从链上指标和交易所行为中得出了有趣的观察结果。

AVAX’s price movements over the past few days hinted at a potential sell-off from retail investors, while whales and large entities remained relatively穏健.

过去几天 AVAX 的价格走势暗示散户投资者可能会抛售，而鲸鱼和大型实体仍然相对健康。

This behavior, coupled with the price drops, could indicate a mixed sentiment within the market.

这种行为，加上价格下跌，可能表明市场情绪复杂。

As the price fell sharply, a large volume of AVAX flowed out of exchanges, suggesting that whales might be moving their holdings elsewhere.

随着价格大幅下跌，大量 AVAX 流出交易所，这表明鲸鱼可能正在将其持有的资产转移到其他地方。

However, the netflow remained positive, indicating that more AVAX entered exchanges than left them.

然而，净流量仍然为正，这表明进入交易所的 AVAX 数量多于离开交易所的数量。

This could suggest that, despite the price drops, some large entities might be preparing for a price recovery or anticipating further sell-offs.

这可能表明，尽管价格下跌，一些大型实体可能正在为价格回升做准备或预期进一步抛售。

At the same time, data from Coinglass showed a high derivatives market activity for Avalanche, with a majority of traders leaning bullish.

与此同时，Coinglass 的数据显示 Avalanche 的衍生品市场活动很高，大多数交易者倾向于看涨。

Despite the recent losses being predominantly on the long side, retail and top traders on major exchanges still showed a strong bullish sentiment.

尽管最近的损失主要集中在多头方面，但主要交易所的散户和顶级交易员仍然表现出强烈的看涨情绪。