$110M AVAX scoop-up ignites buzz – Is a price reversal near?

Key Takeaways

What does AVAX One’s aggressive accumulation signal for Avalanche?

It reflects strong institutional conviction and adds long-term support for AVAX’s market structure.

What on-chain indicators support a potential bullish trend reversal? 

Rising deployed contracts and increasing buyer dominance point to sustained momentum for AVAX.

Avalanche’s [AVAX] market activity is heating up after AVAX One Treasury expanded its reserve to more than 13.8 million AVAX. The reserve marks one of the most aggressive accumulation streaks in the ecosystem this quarter.

According to the reports, AVAX One acquired 9,377,475 AVAX between November 5th and November 23rd, spending over $110 million at an average price of $11.73.

These steady, large-scale purchases come as broader market sentiment around AVAX begins to shift. 

The expanded reserves provide long-term holders with added support, positioning the token for potentially significant movements in the days ahead.

Institutional accumulation raises market expectations

AVAX One’s accumulation indicates a renewed long-term conviction at a time when many altcoins are showing mixed performance. Could the projected market revenue from trading activity fees add to the bullish reserve developments?

According to AMBCrypto’s analysis of the token’s metrics, one notable indicator supporting this momentum is the sharp rise in the number of deployed contracts across the Avalanche network.

The metric, which is commonly associated with expanding developer interest, ongoing project launches, and higher on-chain activity, often precedes a stronger price performance.

Source: Token metrics

 Trend reversal ahead for AVAX?

AVAX has been in recovery mode in recent sessions. AVAX One’s acquisition adds a layer of bullish support that could extend the token’s upward attempts. When large holders accumulate at consistent price levels, the market typically responds.

Additionally, the Futures Takers’ CVD data indicate a steadily increasing dominance of buyers. Avalanche buyers have been gaining momentum over the last three days, as of writing.

This growing dominance suggests that bullish momentum could persist, with buyers remaining firmly in control of the token’s price action.

Source: CryptoQuant

Rising reserves and growing network activity could provide a solid foundation for a medium-term bullish shift in Avalanche’s market structure. 

For now, however, investors and traders are closely watching how the price behaves around current support zones to see if AVAX can turn these strong on-chain signals into a confirmed trend reversal.