Aptos drops nearly 10% as network activity fails to stop selling
Aptos (APT)
Editor:
Eugene Serbin
tradersunion.com reports that Aptos (APT) fell 9.86% today as increased network activity could not halt broader selling pressure. The blockchain saw a large rise in daily transactions and capital inflows from Bitcoin, Ethereum, and Solana. Total value locked climbed to $1.89 billion over two weeks, driven by expanded usage and demand.
Native support for Tether's USDT stablecoin was added, and mainnet node software v1.49.1 was released to boost stability. Despite these improvements, price action remained under selling pressure. APT trades above its 20-day, 50-day, and 200-day moving averages at $0.6516, $0.6035, and $0.7637 respectively.
The near-term floor sits at $0.7637, with resistance marked by the recent week high at $0.8584. Momentum readings are generally positive, with the MACD and ADX favoring further upside. The RSI is at 63, suggesting a 'Buy' bias, while the CCI reveals an 'Overbought' condition. The Stochastic RSI signals 'Strong Sell', creating a mixed momentum backdrop with elevated volatility.
How the market reacted
Whalio's own Binance spot order flow for APT, measured when this story was written up on 24 September 2026. Not the outlet's figures.
APT is currently trading at $0.7545 on Binance spot markets. The 1-hour buy ratio stands at 37.2%, indicating that sellers are dominating short-term intraday moves. In contrast, the 4-hour buy ratio is 51.0%, showing that buying pressure is building over a slightly longer timeframe. The 24-hour buy ratio is 46.9%, reflecting a slight imbalance where selling has outweighed buying over the full day. Volume delta data supports this view, with a negative $62,098 in the last hour and a cumulative negative $1,099,794 over 24 hours. This means that more capital has been used to sell than to buy in the recent periods. Net buying occurred in only 7 of the last 24 hours, confirming that the market has been predominantly bearish in the short term.
The latest daily buy ratio of 50.0% sits at the 59th percentile of the last 323 days, against a median of 49.3% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for APT, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.7%, making today's 24-hour ratio of 46.9% slightly below the norm. The daily volume was 1.01x the average, indicating trading activity was near normal levels. However, the 8-day volume delta was -$1,353,336, showing that selling pressure has been consistent over the longer period. This contrasts with the recent price change of +35.9% over eight days, suggesting a sharp rally followed by a pullback. Today's trading represents a continuation of this broader weekly trend where selling has gradually outweighed buying.