Aptos Faces Price Drop Risk After $51M Token Unlock

Aptos (APT) Faces Potential Price Drop After $51M Token Unlock

Today, Aptos (APT) unlocked 11.31 million tokens worth approximately $51 million, significantly increasing its circulating supply. This event comes amid a broader crypto market downturn, putting APT under intensified selling pressure.

Selling Pressure Rises as APT Drops to $4.58

At the time of writing, APT is trading around $4.58, down 2% in the past 24 hours. Notably, trading volume jumped 10%, indicating more tokens are changing hands. When prices fall while volume rises, it often signals strong sell-offs and a market leaning heavily toward the bears.

APT Price / Trading Volume. Source: Santiment

Long/Short Ratio Points to Bearish Sentiment

According to Coinglass data, APT’s Long/Short ratio is currently at 0.69, meaning more traders are betting on the price falling than rising. A ratio below 1 reflects a dominant bearish outlook, with short sellers looking to profit from downward momentum.

Source:Coinglass

EMA 20-Day — The Key Level to Watch

On the daily chart, APT is hovering near its 20-day Exponential Moving Average (EMA) — a critical technical support level. If APT breaks decisively below the 20-day EMA, selling pressure could drive the price toward $4.52 or lower. Conversely, if the EMA holds, APT might rebound toward $5.01.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.