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Avalanche Drops 3.64% in an Hour to $10.57 on Binance

AVAX was down 3.75% over 24 hours. Long liquidations totaled $800,000 across three exchanges during the hour.

By Enna Lee
Published
Mentioned assets
A red market marker rests beside a cryptocurrency trading terminal / TokenPost.ai
A red market marker rests beside a cryptocurrency trading terminal / TokenPost.ai

Avalanche (AVAX) fell 3.64% in one hour to $10.57 on Binance’s AVAX/USDT spot pair at 2:46 p.m. ET (18:46 UTC) Friday, extending its 24-hour decline to 3.75%. The price was $10.97 an hour earlier.

Long liquidations totaled $800,000 across Binance, Bybit and OKX during the same hour. Short liquidations totaled $0. Liquidations occur when exchanges close leveraged positions after traders can no longer meet margin requirements.

The price and liquidation figures are TokenPost’s calculations from exchange market data collected at the stated time. No cause for the drop was provided in the available market figures.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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