APR is currently around 0.179u. Let me state the conclusion first: don’t chase—wait and observe.
Yesterday was the real drama. From around 0.55, it collapsed by more than 60% within a day, with the low smashing down to 0.1432. In the futures market, open interest was cut by more than 60% in a single day—typical leverage was mostly liquidated. This style of dump is actually more decisive than a slow, grinding decline, and the short-term selling pressure should at least have been released significantly.
But after the crash, the capital didn’t rush back in. Net active trading is still skewed more to selling—buy-side share is less than half. The big players’ accounts are still net long, but their positions are being reduced rather than increased. The order book depth is fairly balanced on both sides, and I don’t see clear signs of strong support.
There’s also a point that can’t be ignored: only 28% of the circulating supply is currently out, while the remaining over 70% of the tokens are locked in the unlock pool. With a market cap of 490 million tied to that circulating ratio, the pressure from newly unlocked supply has been hanging over the price all along.
So my view is: the worst part of the sell-off likely already happened, but the rebound hasn’t been confirmed by incoming funds—so it’s not a clear trend reversal. Right now, the price is about 20% above the day’s low. It’s neither high nor low. Chasing here is basically a bet on either side.
Let’s wait for two scenarios: either a volume-backed reclaim above 0.19, or a retest near 0.1432 that doesn’t break—then we can consider. At this level, it’s simply more comfortable to watch than to act.
#apr $APR
Yesterday was the real drama. From around 0.55, it collapsed by more than 60% within a day, with the low smashing down to 0.1432. In the futures market, open interest was cut by more than 60% in a single day—typical leverage was mostly liquidated. This style of dump is actually more decisive than a slow, grinding decline, and the short-term selling pressure should at least have been released significantly.
But after the crash, the capital didn’t rush back in. Net active trading is still skewed more to selling—buy-side share is less than half. The big players’ accounts are still net long, but their positions are being reduced rather than increased. The order book depth is fairly balanced on both sides, and I don’t see clear signs of strong support.
There’s also a point that can’t be ignored: only 28% of the circulating supply is currently out, while the remaining over 70% of the tokens are locked in the unlock pool. With a market cap of 490 million tied to that circulating ratio, the pressure from newly unlocked supply has been hanging over the price all along.
So my view is: the worst part of the sell-off likely already happened, but the rebound hasn’t been confirmed by incoming funds—so it’s not a clear trend reversal. Right now, the price is about 20% above the day’s low. It’s neither high nor low. Chasing here is basically a bet on either side.
Let’s wait for two scenarios: either a volume-backed reclaim above 0.19, or a retest near 0.1432 that doesn’t break—then we can consider. At this level, it’s simply more comfortable to watch than to act.
#apr $APR