雪崩（avax）價格構成了雙底，但是否表明它可以朝著更多上升空間前進？

最近的數據信號表明，加密貨幣周圍的鯨魚活動正在上升。 Avax在發稿時的價格為19.69美元，代表32.95％

Avalanche's native token, AVAX, has encountered a double bottom, which could indicate potential for further gains. Recently, there has been a surge in whale activity around the cryptocurrency.

雪崩的本地令牌Avax遇到了雙底部，這可能表明有可能獲得進一步的收益。最近，加密貨幣周圍的鯨魚活動激增。

At the time of writing, AVAX is trading at $19.69, showing a 32.95% increase from its lowest price point this month. Data from IntoTheBlock reveals that whales have been accumulating AVAX over the past few weeks.

在撰寫本文時，Avax的交易價格為19.69美元，顯示出本月最低價格的增長32.95％。來自intotheblock的數據表明，鯨魚在過去幾周中一直在積累avax。

To start the year, whales held 26.53 million AVAX, according to the data. By 19 April, that figure had risen to 38.47 million AVAX. The difference, at present value, is roughly $231.5 million.

根據數據，鯨魚開始年度，鯨魚持有2653萬瓦克斯。到4月19日，這個數字已上升至3847萬瓦克斯。目前的差額約為2.315億美元。

The renewed interest from whales offers encouragement that AVAX is still an appealing coin. It may have also contributed to the latest price uptick and helped to prevent further downside for the token.

鯨魚的新興趣鼓勵Avax仍然是一枚吸引人的硬幣。它可能還導致了最新的價格上漲，並有助於防止令牌進一步的缺點。

This recent surge in whale activity may be a response to the latest Avalanche upgrade, dubbed Octane. The upgrade reportedly reduced transaction fees by more than 30 percent and swapping fees by 97 percent.

最近的鯨魚活動激增可能是對最新的雪崩升級的回應，稱為辛烷值。據報導，升級將交易費用降低了30％以上，並將費用降低了97％。

On-Chain data also shows that short-term traders acquired a significant amount of AVAX and have been taking profits since then, which is evident in their decreasing balances.

鏈上的數據還表明，短期交易者從那以後就獲得了大量的avax，並且從那以後一直在獲利，這在降低餘額中很明顯。

Conversely, HODLer and cruiser balances have been increasing since then, which may explain why AVAX price did not experience a massive pullback after its latest rally.

相反，霍德勒和巡洋艦的餘額從那以後一直在增加，這可以解釋為什麼Avax Price在其最新集會後沒有經歷大量的回調。

AVAX crypto sell pressure has cooled down, which could pave the way for more upside.

avax加密賣壓力已經冷卻了，這可能為更多上升空間鋪平道路。

Examining the crypto spot flows suggests that the bears have been pulling back. Spot inflows were as high as $10.63 million on 6 April, but that figure dropped to $1.4 million on 18 April.

檢查加密貨幣斑點表明熊已經向後拉。 4月6日，現貨流入高達1063萬美元，但該數字在4月18日下降到140萬美元。

The declining spot flows were accompanied by a significant uptick in open interest. The latter was up from $297.44 million on 12 April to $423.55 million as of 20 April.

斑點流量下降，伴隨著開放興趣的顯著增長。後者從4月12日的2.9744億美元增加到44.55萬美元，截至4月20日。

Spot flows were also back on the positive side, suggesting that investor sentiment was back in favor of the bulls.

現場流也恢復了積極的一面，這表明投資者的情緒又回來了。

While the decreasing sell pressure set the stage for some accumulation and, consequently, some upside, demand remained limited, perhaps because investors remained on the side of caution. However, whale demand suggests that there was optimism about AVAX price prospects moving forward.

雖然賣出壓力的下降為某些積累奠定了基礎，因此，某些好處的需求仍然有限，也許是因為投資者仍處於謹慎狀態。但是，鯨魚的需求表明，人們對avax價格前景前進有樂觀。

The cryptocurrency's MFI confirmed that positive liquidity flow was returning to AVAX price through its latest spike since 7 April.

加密貨幣的MFI證實，自4月7日以來的最新飆升，積極的流動性流量正在恢復到Avax價格。

While liquidity flows have been positive, price movement was rather limited last week. However, the key takeaway was that profit-taking was limited.

儘管流動性流量是積極的，但上週的價格變動卻相當有限。但是，關鍵的收穫是獲利是有限的。

Avalanche TVL holds on above $1 billion while DEX volumes cool down.

Avalanche TVL持有超過10億美元，而DEX量很酷。

Total value locked is usually a decent measure of market confidence in a coin. Avalanche TVL managed to stay above $1 billion despite its decline from its December peak above $1.64 billion. However, it was still nowhere near its historical top, during which TVL surged as high as $13.9 billion in 2021.

鎖定的總價值通常是對硬幣市場信心的體面衡量。雪崩TVL仍設法保持超過10億美元，儘管其12月峰值低於16.4億美元。但是，它的歷史頂部還遠遠沒有，在此期間，TVL在2021年高達139億美元。

Avalanche also saw a significant surge in DEX volumes in Q4 2024. DEX volumes surged over $662 million, highlighting how it managed to take advantage of opportunities in the DeFi segment.

雪崩還看到了第4季度2024年的DEX量增長。 DEX量飆升了6.62億美元，突出了它如何設法利用Fefi領域的機會。

DEX volumes have since cooled down in line with the bearish market conditions. It was down to around $84.38 million. Daily transactions and stablecoin marketcap also hovered at significantly lower levels compared to their December and January levels.

此後，DEX量與看跌市場條件相符。下降到約8438萬美元。與12月和1月的水平相比，每日交易和Stablecoin MarketCap的水平也顯著降低。

Stablecoin marketcap peaked at $2.43 billion in December and was down to $1.73 billion as of 19 April. The latter's transactions clocked in at 211,230 TXs, which is also a significant cool down from over 586,000 transactions recorded on 8 December.

Stablecoin MarketCap在12月的24.3億美元達到頂峰，截至4月19日，達到了17.3億美元。後者的交易的收入為211,230 TX，這也是12月8日記錄的586,000多筆交易的重要冷靜。

The above Avalanche metrics highlight the impact of the bearish market conditions over the last four months. They also confirmed that network activity maintained healthy levels. Nonetheless, further price appreciation may hinge on a broader crypto market recovery.

上述雪崩指標突出了過去四個月中看跌市場狀況的影響。他們還確認網絡活動保持健康水平。儘管如此，進一步的價格升值可能取決於更廣泛的加密貨幣市場回收率。