Aptos Labs proposed the MonoMove upgrade, and people on the plaza discussed it for a while. But APTUSDT closed this week at 0.7769 USDT, down 2.98% for the week. Among the 200-week sample, this week ranked 111th, placing it in the lower half of the sample, with 110 stronger weeks ahead of it. News is news, and price is price; this week, the two didn’t move in sync.
The real action this week was concentrated in three days. On October 5, APTUSDT opened at 0.8008 USDT and closed at 0.8448 USDT, gaining 5.49% on the day. It was the strongest day of the period and the only one with a gain of more than three percentage points. On October 6, it fell from 0.8446 USDT to 0.8256 USDT, down 2.25%, and the rally started to lose steam. On October 7, it plunged from 0.8255 USDT to 0.7769 USDT, dropping 5.89% on the day and wiping out the earlier gains, including the October 5 rally. From October 1 to October 4, daily changes were 0.69%, 2.27%, 1.26%, and -0.3%, respectively—all modest moves, as the price ground sideways. The week’s structure was a gradual climb followed by two consecutive down days that gave it all back.
Popular posts on the plaza described the MonoMove upgrade as a technical iteration for the APT ecosystem that was worth keeping on the watchlist (paraphrased; this does not represent this site’s views). Other posts cautioned that there can be a lag between news and the market’s reaction, and that a one-day gain doesn’t mean the trend has turned. My take is that the 5.49% gain on October 5 did look like a news-driven burst, but the subsequent pullbacks of 2.25% and 5.89% show that buyers didn’t follow through. Popular posts can be clues, but they shouldn’t be treated as established facts.
Honestly, news-driven gaps can appear and disappear quickly. APTUSDT closed at 0.7769 USDT on October 7, already below its October 5 opening price of 0.8008 USDT, leaving anyone who chased that rally at a loss by the weekend. High leverage in futures magnifies drawdowns. APTUSDT is a crypto USDT-margined perpetual contract that can be traded in either direction, and the final day’s 5.89% drop would translate into multiple times the margin impact for a highly leveraged position. Funding rates are also an ongoing cost for long-term holders: even if you get the direction right and hold for a long time, fees still eat into some of your returns. As for “the best week is something you only know in hindsight,” the week of 2023-01-09 gained 101.69%—no one knew at the time that it would turn out that way. The default maker fee is 0.02% and the default taker fee is 0.05%; after a 20% rebate, the effective maker fee is 0.016% and the effective taker fee is 0.04%. Both need to be factored in whether you go long or short. #AptosLabsProposesMonoMoveUpgrade
#币安 #手续费 $BNB
The real action this week was concentrated in three days. On October 5, APTUSDT opened at 0.8008 USDT and closed at 0.8448 USDT, gaining 5.49% on the day. It was the strongest day of the period and the only one with a gain of more than three percentage points. On October 6, it fell from 0.8446 USDT to 0.8256 USDT, down 2.25%, and the rally started to lose steam. On October 7, it plunged from 0.8255 USDT to 0.7769 USDT, dropping 5.89% on the day and wiping out the earlier gains, including the October 5 rally. From October 1 to October 4, daily changes were 0.69%, 2.27%, 1.26%, and -0.3%, respectively—all modest moves, as the price ground sideways. The week’s structure was a gradual climb followed by two consecutive down days that gave it all back.
Popular posts on the plaza described the MonoMove upgrade as a technical iteration for the APT ecosystem that was worth keeping on the watchlist (paraphrased; this does not represent this site’s views). Other posts cautioned that there can be a lag between news and the market’s reaction, and that a one-day gain doesn’t mean the trend has turned. My take is that the 5.49% gain on October 5 did look like a news-driven burst, but the subsequent pullbacks of 2.25% and 5.89% show that buyers didn’t follow through. Popular posts can be clues, but they shouldn’t be treated as established facts.
Honestly, news-driven gaps can appear and disappear quickly. APTUSDT closed at 0.7769 USDT on October 7, already below its October 5 opening price of 0.8008 USDT, leaving anyone who chased that rally at a loss by the weekend. High leverage in futures magnifies drawdowns. APTUSDT is a crypto USDT-margined perpetual contract that can be traded in either direction, and the final day’s 5.89% drop would translate into multiple times the margin impact for a highly leveraged position. Funding rates are also an ongoing cost for long-term holders: even if you get the direction right and hold for a long time, fees still eat into some of your returns. As for “the best week is something you only know in hindsight,” the week of 2023-01-09 gained 101.69%—no one knew at the time that it would turn out that way. The default maker fee is 0.02% and the default taker fee is 0.05%; after a 20% rebate, the effective maker fee is 0.016% and the effective taker fee is 0.04%. Both need to be factored in whether you go long or short. #AptosLabsProposesMonoMoveUpgrade
#币安 #手续费 $BNB