Avalanche [AVAX] caught investors off guard as it decoupled from the entire crypto market in the last few days.
Market indicators looked bearish on the token.caught investors off guard as it decoupled from the entire crypto market in the last few days. Therefore, let’s have a closer look at the token’s metrics to see what is causing AVAX to act differently from the rest.While most cryptos suffered losses because of the recent bearish market condition, AVAX moved the other way around. According toIn fact, in the last 24 hours alone, the token’s value surged by over 22%.
Thanks to the bull rally, Avalanche’s 1-week price volatility spiked substantially. Moreover, positive sentiment around the token was also high, meaning that investors were confident in AVAX’s bull rally and expected its value to surge further.revealed that AVAX’s funding rate increased, suggesting that derivatives investors were actively buying the token.
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