After the 20% recovery of the APT, the currency reached the short-term resistance level reflected in the 21EMA indicator on the four-hour time frame. The indicator acts as a guide to the short-term trend on the chart and becomes the basis from which the bears on the indicator try to push it further down.

Before the end of the week, the trading volume on Aptos is gradually decreasing, as most traders prepare for Monday, when most institutional investors disclose their losses and exposure related to the FTX platform.

What is the relationship between FTX and Optos?

Previously, FTX and Jump Crypto made an investment round for the Optos ecosystem, pushing its valuation to $1 billion in July 2022. This fact and the project’s support in the past have led us to believe that FTX and Optos are mutually exclusive. APT may be a problem for investors in the future.