AVAX drops 8% post-Helicon upgrade as traders take profits
Avalanche (AVAX)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Avalanche’s AVAX fell more than 8% one day after the network activated its Helicon upgrade. The outlet notes that the timing does not mean the upgrade is responsible for the decline. Instead, the chart suggests that traders took profits after AVAX saw some p.
How the market reacted
Whalio's own Binance spot order flow for AVAX, measured when this story was written up on 23 September 2026. Not the outlet's figures.
AVAX is currently trading at $11.31, with a 24-hour buy ratio of 50.2% indicating balanced market participation over the full day. However, shorter-term pressure is leaning bearish, as the 1-hour buy ratio sits at 41.5% and the 4-hour ratio at 44.5%. The Volume Delta reflects this recent selling pressure, showing negative figures of -$262,768 for the last hour and -$892,346 for the last four hours. Volume Delta measures the net difference between buy and sell volume, so negative values indicate that sellers have been more aggressive than buyers during these periods. While the 24-hour Volume Delta is positive at +$281,281, the immediate flow shows a shift toward distribution.
The latest daily buy ratio of 48.6% sits at the 40th percentile of the last 323 days, against a median of 49.2% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for AVAX, averaged over the days leading up to the story.
Over the preceding week, AVAX experienced a significant 55.6% price increase, yet net buying was limited to only 2 of the 7 days. The 7-day average buy ratio was 48.1%, which is 2.2 points lower than the latest day’s reading of 50.2%. This suggests that while the most recent day saw slightly more balanced buying than the weekly average, the overall trend remains constrained. Volume over the last 24 hours was 0.94x the average, indicating trading activity was slightly below typical levels. Despite the large price gain, the 8-day total Volume Delta was -$8,739,747, showing that net selling pressure outweighed buying pressure throughout the rally.