AVAX Market Dynamics: Sustained Underperformance Amidst Deleveraging

Avalanche (AVAX) experienced a week characterized by continued price depreciation and a notable deleveraging in its derivatives market. Despite a slight moderation in short-term volatility, the asset maintained a significant underperformance against Bitcoin, reflecting a broader shift in AVAX market dynamics. The overall crypto sentiment also cooled, moving from 'Greed' to 'Neutral', providing a less supportive backdrop for altcoin performance.

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