Bottom line first: APT futures open interest is cooling, Binance and OKX are both cutting positions, and momentum buyers are not adding more.
APT's total open interest across the network is about $122 million, down 1.9% in 24 hours. Binance's open interest fell 5.86%, and OKX's fell 9.3%; both major exchanges are moving faster than the network average.
Binance and OKX together account for only about a quarter of the open interest, yet both are contracting in sync. From the position data, short-term exposure is getting lighter. Next, we need to see whether deleveraging spreads to other exchanges.
$APT
Will you wait for open interest to recover, or stay on the sidelines for now?
View live: https://www.coinboss.com/currencies/APT