AVAX traders bet on price drop despite positive market indicators

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Altcoins including Avalanche [AVAX] have been able to hold on to the recent upswing after prices crashed a few days ago. However, AMBCrypto

have been able to hold on to the recent upswing after prices crashed a few days ago. However, AMBCrypto found that traders in the market decided to place bets in the other direction.

When the Long/Short Ratio is above 1, it means that the average market participants expects the price to increase. However, this might not happen, according to data from the Cumulative Volume Delta . The CVD displays the volume of a cryptocurrency based on the buying and selling orders in the market.If the CVD is positive, it means that buying volume in the spot market is higher than the sell volume.However, if the value is negative, it means that there is aggressive selling in the market.

 

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