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AVAX is showing signs of quiet accumulation after whales pulled more than $35M off exchanges. That usually means big players are positioning instead of preparing to sell, especially with the $8.21 support getting defended multiple times.
I think this is one of those setups where sentiment still looks weak, but smart money is slowly buying. If the market stabilizes, AVAX could bounce hard toward the $10+ area pretty quickly.
Still, everything depends on Bitcoin holding up. If BTC keeps bleeding, AVAX probably loses that support sooner or later. For now, I'd lean bullish above $8.21 and stay patient instead of forcing entries.

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