Goldman Sachs: $100B Fund Lands on Avalanche
Goldman Sachs routes $100B Treasury fund to Avalanche via Lynq L1, boosting institutional adoption of AVAX and crypto treasury yields.
SourceAnalysis
Goldman Sachs routes its $100B flagship Treasury fund onto Avalanche through the permissioned Lynq L1, giving institutions yield on cash between trades while staying inside existing infrastructure used by B2C2, Wintermute, Galaxy, FalconX and Fireblocks.
Price action on the 4h chart shows AVAX at $10.58 holding above the EMA50 support at $10.37 with the EMA200 far below at $8.78, while the MACD death cross and neutral RSI at 49.17 keep momentum contained inside the Bollinger band between $10.23 and $11.25; institutions watching Avalanche institutional adoption will note that any break above upper band resistance at $11.25 could accelerate flows into AVAX price prediction models tied to crypto treasury yields.
Matt Hougan
@Matt_HouganBitwise Invest's CIO and FutureProof co-founder, former ETF.com CEO bringing deep investment expertise to digital assets.