From 00:00 to 00:15 (UTC) on March 9, 2026, the price of AVAX experienced a rapid surge, with a return of +0.76%. The price ranged between 8.815 and 8.885 USDT, with a volatility of 0.79%. At the same time, trading volume significantly increased during this period, market volatility intensified, short-term trading became active, and market attention heightened.
The main driver of this movement was the ongoing market anticipation following Avalanche’s official announcement on March 8 about a liquidity staking partnership with a well-known DeFi protocol. The total value locked (TVL) in DeFi protocols increased by 2.1% from March 8 to March 9, indicating a clear rise in ecosystem activity and boosting investor confidence. Additionally, on-chain large transfers surged to 7 transactions (a 133% increase compared to the previous period), and net inflow on exchanges spiked to 28,000 AVAX, showing substantial capital inflow dominated by buyers.
Furthermore, the overall risk appetite in the mainstream crypto market improved, with leading cryptocurrencies like Bitcoin also experiencing short-term gains. The US dollar index slightly retreated, reflecting a release of cross-asset risk appetite. In the futures market, AVAX long positions increased week-over-week, and funding rates showed positive fluctuations, indicating bullish market sentiment. Technically, AVAX is at a key support level, and after a volume-driven breakout, it attracted participation from quantitative and trend-following funds, creating a resonance of multiple factors.
In the short term, caution is advised against the risk of a quick pullback if positive momentum is exhausted. Attention should be paid to subsequent large capital inflows and outflows, as well as ecosystem development progress. If on-chain funds start flowing in the opposite direction, volatility may intensify. It is recommended to closely monitor AVAX’s key support and resistance levels, on-chain large transfers, exchange inflow indicators, and macro sentiment changes to better grasp the future market direction. Stay tuned for more market updates.
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