AVAX in Big Trouble: Short position open.

Share:

Cryptoasset Avalanche (AVAX) (Coinmarketcap Link for your convinience) is in big trouble.

With the UST-LUN situation, the LUN Foundation has emptied their BTC Reserves to try and keep the peg. Their leftover reserves consist 75% of cryptoasset “AVAX” as you can see below:

AVAX 75% of LFG Reserves

When (not if, when) they decide to empty their AVAX reserves the price is sure to crash the same magnitude of the related assets.

Might be a good time to open up a leveraged position against AVAX and try to make a quick buck on the bear market.

Have fun. Not financial advice.

Link to LFG Reserves for your convinience.

submitted by /u/Harucifer
[link] [comments]