The trader said that with many digital assets rising in value, there could be a potential correction in cryptocurrencies.
Flow Horse, also known as Cantering Clark, said in his statement on X that AVAX and RUNE are at risk of downside.
At the time of writing, AVAX trades at $22.05, while RUNE trades at $6.08, according to CoinMarketCap data.
The trader also suggested that Ether could briefly drop below $1,900, but this lower price could increase demand for the asset.
At the time of writing, Ether is trading at $1,961, according to CoinMarketCap data.