Aptos holders, bid farewell to your gains
The APT token experienced a substantial price decline in the last week following a prolonged rally. According to CoinMarketCap, APT ranked as the cryptocurrency asset with the most losses in the last seven days.
A look at the daily chart revealed that holders have heavily distributed their APT tokens. The position of the CMF lent credence to this. It was positioned at -0.01 at the time of writing. A negative CMF indicates a decline in buying pressure and is usually accompanied by a price drawdown.
Further, the Aroon Up Line was in a downtrend at 21.43%. When the Aroon Up line is close to zero, the uptrend is weak, and a price decline is underway.
![](https://production-sanbase-images.s3.amazonaws.com/uploads/c290e91c52237902ec95ce92e375eb1fd8e377cc9e2344194171efc0207ef5bd_1675675357357_Screenshot%202023-02-06%20at%2010.22.23.png)
Weighted sentiment for APT was negative and has so been since the month started. This showed that negative sentiment lingered in the market as investors remain unsure of a continued price rally.
![](https://production-sanbase-images.s3.amazonaws.com/uploads/f62435ed4a76a7e1854e32d93da216621fcd80273085941e04705e4b57c8533d_1675675465316_Aptos%20%28APT%29%20%5B10.24.10%2C%2006%20Feb%2C%202023%5D.png)
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