$APT most recent price performance raising a lot of questions, especially if we take a brief look at the liquidation volume
A price move that the majority of traders and investors most likely did not notice inspired some serious suspicion into the nature of Aptos' price performance. On Jan. 16, at 7:00 p.m. UTC, APT had a noteworthy spike in the number of short orders on the market.
Such a rapid rise in the number of sellers would most likely not cause a rapid correction on the market, which, however, did not happen.On a five-minute chart, we can clearly see that APT saw an enormous spike in buying power as soon as a solid amount of short orders was opened. Such a rapid spike was not backed by any funding, which led to the formation of a"knife" or candlestick shadow.
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