AVAX in Big Trouble: Short position open.

Cryptoasset Avalanche (AVAX) (Coinmarketcap Link for your convinience) is in big trouble.

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With the UST-LUN situation, the LUN Foundation has emptied their BTC Reserves to try and keep the peg. Their leftover reserves consist 75% of cryptoasset "AVAX" as you can see below:

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AVAX 75% of LFG Reserves

When (not if, when) they decide to empty their AVAX reserves the price is sure to crash the same magnitude of the related assets.

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Might be a good time to open up a leveraged position against AVAX and try to make a quick buck on the bear market.

Have fun. Not financial advice.

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Link to LFG Reserves for your convinience.