📊 $AVAX #ETF launched April 15. The Liq map shows #ETF holders are levered. $9.20: long liquidation cluster. $10.10: short liquidation cluster. OI rising while spot is sideways, the leverage is doing the talking. #ETF buyers behaving like degens. The on-chain and derivatives picture is rarely seen together. We show both. $AVAX Liq Levels + funding → #etf
