The most popular of the last weeks from altcoins one who aptos (APT) There’s a whale alert.
Cryptocurrency The Aptos coin is one of the whales’ favorites lately, according to an assessment by analytics company Kaiko.
Kaiko: “Aptos Altcoin Whales Start Turning To Sell Side”
According to analysts, the majority of whale transactions over $250,000 made on Binance on the APT side were in the buying direction. The difference was $2.8 million versus $0.87 million.
However, this situation has changed in the last two days and big trades have started to turn towards selling.
Kaiko analysts announced the development as follows:
“For transactions over $100,000 on APTOS, sales have outpaced buying since Jan. 23, but they’re more or less equal today.
Liquidity is improving in a healthy state. 10% market depth (sum of purchases and sales in the 10% range of mid-price) more than tripled from $3.5 million to $14 million; 1% increased from $1.5 million to $4 million. This is an encouraging sign that market makers are returning to providing liquidity for volatile altcoins.
On Binance and OKX, the buy/sell ratio of 1% of the mid-price has dropped, meaning relatively more buying. The most interesting is the big splash on Coinbase; The buy offer volume is currently almost double the demand volume. Could this indicate institutional demand?”
Whales love $APTOS 🐳
In the last two weeks, orders larger than $250k – all of which were executed on Binance – have been skewed heavily towards buys: $2.8mn to $0.87mn.
However, in the past two days large trades have begun to swing towards sells.
— Kaiko (@KaikoData) January 25, 2023
APTOS has increased nearly 200% in the last two weeks and the network reached 35,000 daily active users on January 21.
Although sales-oriented positions increased for a period, the analyst says that this situation has been equalized again recently. However, it is recommended to be extra careful when investing, as altcoins that have recently experienced a serious rise are much more risky.
*Not investment advice.
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