Revolut sold 177.62K AVAX worth about $1.2 million through Coinbase, raising questions about corporate balance-sheet positioning.
The transaction suggested that some firms could be reallocating capital, realizing gains, or reducing crypto exposure as part of broader treasury strategies. However, one sale did not establish a wider trend across corporate holders.
Instead, it highlighted that treasury management decisions could introduce fresh supply into the market without reflecting a broader shift in investor sentiment.
If more companies follow a similar approach, exchange-bound transfers could increase and gradually influence available spot liquidity.
Even so, additional corporate activity would be necessary before concluding that balance-sheet repositioning has become a sustained institutional trend.
Exchange demand continued absorbing fresh supply
Spot market activity painted a more balanced picture despite Revolut’s high-profile transaction.
Exchange Netflows stood at -$1.04 million, showing that withdrawals still exceeded deposits across tracked exchanges.
This reading suggested buyers continued removing AVAX from exchanges instead of preparing tokens for immediate sale.
However, the negative netflow also indicated that Revolut’s transaction did not trigger widespread exchange inflows from other large holders.
Such behavior reduced concerns that a wave of corporate selling had already emerged.
Even though one notable sale reached Coinbase, the broader spot market absorbed available supply without producing a meaningful shift in exchange balances.
If Netflows remain negative during the coming sessions, they could continue limiting immediate selling pressure and support a steadier market structure despite isolated treasury-related transactions.
Why leveraged bulls ignored corporate selling
Derivatives traders maintained a notably optimistic outlook even after Revolut completed its sale.
Binance’s Top Trader Long/Short Ratio reached 2.82, while 73.84% of accounts remained long compared with 26.16% holding short positions. Those figures showed leveraged participants continued expecting higher prices despite the appearance of corporate selling.
However, such aggressive positioning also increases liquidation risk if additional treasury holders decide to reduce exposure.
Heavy long positioning often leaves the market vulnerable because a sharp decline could force leveraged buyers to unwind positions quickly.
Still, traders showed little sign of abandoning their bullish outlook.
If corporate selling remains limited, leveraged longs could continue supporting prices. Otherwise, another large exchange transfer could trigger a broader leverage reset before buyers regain control.
Can AVAX clear resistance after its trend reversal?
Avalanche [AVAX] rebounded steadily after defending the $5.88 support level and traded near $6.85, leaving the token just below the psychological $7.00 resistance.
The recovery gained traction after buyers reclaimed control from June’s sharp decline and continued printing higher lows.
Meanwhile, the MACD maintained a bullish crossover, with the MACD line remaining above the signal line as green histogram bars continued expanding.
The Parabolic SAR also stayed below the price, confirming that the prevailing trend had shifted in favor of buyers.
However, $7.00 remained the first obstacle before $8.22 emerged as the next significant resistance.
If buyers push AVAX above $7.00 with sustained demand, the recovery would likely continue toward $8.22.
Otherwise, rejection at that level could pull the token back to retest support before another breakout attempt.
Final Summary
- Corporate selling remained isolated as exchange outflows continued absorbing fresh AVAX supply effectively.
- Bullish technical signals supported recovery, although $7 remained the market’s immediate breakout hurdle.
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