Revolut's AVAX Sell-Off: One Firm's Exit, 2.82 Reasons Bulls Aren't Blinking 🐂

Revolut sold 177.62K AVAX, worth approximately $1.2 million, through Coinbase, drawing attention to how corporate treasury decisions can move tokens onto exchanges. The transaction, while notable in size, did not appear to trigger a broader wave of selling from other large holders, and analysts noted that isolated balance-sheet repositioning does not by itself establish an institutional trend. If additional firms were to follow suit, exchange-bound transfers could grow and gradually affect available spot liquidity, though further activity would be required before any sustained pattern could be identified.

Spot market data indicated that the broader AVAX market absorbed the sale without a meaningful shift in exchange balances. Exchange Netflows stood at -$1.04 million, showing that withdrawals continued to exceed deposits across tracked venues. That reading suggested buyers were still pulling AVAX off exchanges rather than preparing supply for immediate sale, even as Revolut's coins landed on Coinbase. The negative netflow also signaled that other large holders did not rush to mirror Revolut's move, keeping immediate selling pressure contained.

Derivatives traders maintained a strongly bullish stance following the sale. Binance's Top Trader Long/Short Ratio reached 2.82, with 73.84% of accounts positioned long against 26.16% holding shorts. That composition showed leveraged participants continued to expect higher prices despite the corporate transfer. Heavy long positioning carries its own risk, as a sharp move lower could force leveraged buyers to unwind quickly, but traders showed no immediate sign of abandoning the bullish tilt.

AVAX itself rebounded after defending the $5.88 support level and was trading near $6.85, leaving the token just below the $7.00 psychological resistance. The recovery followed a stretch of higher lows after buyers regained ground from June's steep decline. The MACD maintained a bullish crossover, with the MACD line positioned above the signal line, reinforcing the near-term technical posture as price approached the key resistance zone.