Avalanche (AVAX) price skyrockets, mirroring Bitcoin's upwards trajectory. Whales amass significant holdings, signaling strong bullish sentiment.
Avalanche ( AVAX ) price surged past $43 on Monday, fueled by Bitcoin's rally towards $100,000 which boosted altcoin markets. AVAX whale wallets exhibited positive net inflows for 21 consecutive trading days since December 15, accumulating assets worth $600 million. The RSI technical indicator suggests AVAX is nearing market saturation, as the recent price jump coincides with declining trading volumes.
Despite this, AVAX price broke through the $40 resistance level on Monday, riding the crypto market's positive start to 2025. On-chain data reveals rising demand from large investors on the Avalanche network, while technical indicators present cautionary signals. AVAX price rallied by 25% as Bitcoin's surge entered its sixth day. The asset has become a standout performer during the crypto market's ongoing bullish trend in 2025. This positive momentum is partly attributed to optimistic speculation surrounding the inauguration of US President-elect Donald Trump and anticipated dovish macroeconomic adjustments. Additionally, Avalanche's recent $250 million fundraising effort has captured investor attention. Consequently, AVAX's price movements have mirrored Bitcoin's over the past week, generating more than threefold gains. Avalanche's price action closely tracked Bitcoin's gains in the past week, rising 27.8% since the beginning of 2025, mirroring Bitcoin's 8% increase between December 31 and January 6. This indicates that while Ethereum's rally has been subdued below the $3,700 mark, investors are increasingly favoring rival layer-1 coins. This trend has propelled AVAX and Cardano (ADA) above the $40 and $1 levels, respectively, on Monday. With AVAX's price breaking through the $45 resistance level, bulls might aim for further upward movement towards $50. The observation of AVAX whales accumulating $600 million worth of AVAX over 21 consecutive days indicates strong positive sentiment among existing investors
CRYPTO AVAX BITCOIN WHALES INVESTMENT SENTIMENT
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