WHAT'S HAPPENING WITH APT?
2024-12-25
Category: None

Why Aptos (APT) is currently falling?

1. Negative Sentiments:
The market has low confidence in Aptos due to its inability to maintain price stability compared to its peers.


2. Token Supply Unlock:
A major token unlock scheduled for January 11 will increase supply in the market, causing selling pressure.


3. Open Interest Decline:
Reduced open interest indicates traders are closing positions, signaling weakening interest.


4. CEO Stepdown:
Leadership changes often create uncertainty, leading to a lack of investor trust.


5. BTC's Bearish Influence:
Bitcoin’s price drop has a ripple effect on altcoins, including APT.


6. Market Conditions:
The overall cryptocurrency market remains volatile and bearish.