Avax price likely to have pressure because 3AC holds a lot of it and now that its going through bankruptcy. Expect it to move
The founder has denied that
https://twitter.com/kevinsekniqi/status/1537570258743185409but it most likely because that 3AC already dump all of their AVAX before their collapses. And about the price, seems the rule is the opposite, is not that AVAX price is holding the bulls it is the bulls that holding AVAX price.