Aptos spikes 15% – This ONE move could decide if APT hits $5.50
The post Aptos spikes 15% – This ONE move could decide if APT hits $5.50 appeared on BitcoinEthereumNews.com.
Aptos rallied 15.7% to hit $5.14 before retracing slightly to $4.97. Over 16.5 million APT were bought off exchanges, but holding $5 is critical for bulls. Aptos [APT] has bounced off its recent bottom, tearing through a descending channel to hit a local high of $5.14 on the 25th of June. This marked a strong recovery from its earlier low of $3.70. At press time, APT was trading around $4.97, slightly retraced, but still showing resilience. The above upsurge marked a 15.7% increase over the past 24 hours. Over the same period, the altcoin’s volume surged by 263% to reach $633 million, reflecting growing on-chain activity. Smart money moves fast… Derivatives traders didn’t sit idle. Aptos’ Perpetual Volume surged to $42.46 million, according to DeFiLlama, as speculators raced to ride the rally. Source: DefiLlama This suggests that as the market started to rise, many speculative traders entered the market, reflecting rising risk appetite. Of course, a spike in Perpetual Volume is rarely isolated. Open Interest (OI) also shot up 31% to $205 million, per CoinGlass data. When both Perpetual Volume and OI rise in tandem, it typically signals fresh capital flowing into the market—traders are bracing for higher volatility ahead. Where there’s conviction, there’s accumulation Source: CoinGlass Due to rising demand, investors are purchasing more than selling. This is reflected in a negative Spot Netflow at -$1.74 million. How much exactly? According to Coinalyze, over 16.5 million APT tokens were scooped up during the surge. Source: Coinalyze Usually, a surge in demand results in a higher buying pressure, which precedes higher prices. Aptos bulls regain the upper hand According to AMBCrypto analysis, Aptos experienced strong upward momentum as buyers made a comeback. When we look at momentum indicators, APT is seeing strong upward movement, as it has recently closed with…
Filed under: News - @ June 25, 2025 11:27 pm