Data: Currently, approximately $204.77 million worth of tokens are staked, accounting for about 43% of the circulating supply.

TechFlow news, July 31, on-chain data shows Avalanche (AVAX) currently has approximately $204.77 million worth of tokens staked, accounting for about 43% of the circulating supply, with a large amount of holdings locked. Meanwhile, according to CryptoQuant data, whale investors are adding positions simultaneously in spot and futures markets, positioning in advance without waiting for breakout confirmation. Technically, AVAX is currently consolidating near the apex of the pennant pattern at $6.46, and the Stochastic RSI has not yet reached the oversold zone. According to the CoinGlass liquidation heatmap, over $1 million in liquidity is clustered near the $6.90 price level, becoming the next key target price for bulls.