AVNT traders are piling into bullish positions with conviction despite a roughly

↘5%

hourly pullback, creating a tug-of-war between optimism and near-term selling pressure.

Conviction building through volatility

Trading activity surged roughly

↗53%

over the past 24 hours as traders opened new positions, signaling confidence in a rebound even as the price dipped approximately

↘5%

over the past hour with sellers slightly outnumbering buyers.

Bullish positions dominate despite pressure

Traders hold 1.45x more bullish than bearish positions, though approximately $35,000 in bullish bets were forcibly closed over the past day compared to just $2,100 in bearish closures as holding costs reached 0.30% over the past 24 hours.

Thin liquidity amplifies swings

Low liquidity at 0.69% of market value means price movements can be exaggerated in both directions, while sellers maintained a 0.65 ratio against buyers over the past 24 hours.