Official Statement from Bitwise CEO

Hunter Horsley, CEO of Bitwise, confirmed via social media platform X that the company has submitted an S-1 form to the SEC for the Aptos ETF. Horsley stated:

“I can’t share details right now due to the quiet period, but I’m extremely excited about the strong momentum in the Aptos ecosystem.”

This statement has been interpreted as Bitwise potentially taking the first major institutional step in support of Aptos.

Bitwise Continues Altcoin ETF Moves

Bitwise remains one of the pioneering firms in the crypto ETF space. Following its Bitcoin and Ethereum ETFs, the company’s application for an Aptos ETF highlights growing institutional interest in Layer-1 blockchain projects.

Aptos is recognized for its high scalability similar to Solana and its Move language-based technology. Bitwise’s ETF application is seen as a sign of confidence in the Aptos ecosystem and its long-term potential.

SEC Approval Process and Market Expectations

The application comes at a time when the SEC has been accelerating crypto ETF approval processes. If approved, the Aptos ETF would become one of the first Layer-1 altcoin ETFs on the market.

Crypto analysts suggest that this move could boost Aptos’ price and increase institutional interest across the broader altcoin market.

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The post Bitwise Files ETF Application for Surprise Altcoin! appeared first on Coin Engineer.

Cross-Chain Trading Made Easier: APT and TRX on Solana

The inclusion of APT and TRX into the Solana ecosystem allows users to trade assets across different chains without the need for complex bridging mechanisms. Traditionally, cross-chain trading has been hindered by high fees, slow transaction speeds, and security risks. With APT and TRX now natively available on Solana, traders can enjoy a more efficient and seamless trading experience.

Solana: A Fast and Cost-Effective Blockchain

Solana, with its unparalleled transaction speed and low-cost structure, has become a preferred blockchain for DeFi and high-frequency trading. The integration of APT and TRX marks an important step toward a multi-chain future, where investors can trade seamlessly across different ecosystems.

How the Integration Works

The trading of APT and TRX on Solana is made possible through advanced cross-chain bridging solutions. These solutions allow users to “wrap” these assets and trade them directly within the Solana ecosystem. As a result, investors can access deep liquidity pools on Solana-based decentralized exchanges (DEXs) without needing to exit the chain or pay excessive bridging fees.

Key Benefits of the Integration:

• Faster Transactions: Solana’s high throughput ensures nearly instant trade settlements, minimizing delays in trading operations.
• Lower Costs: Transaction fees on Solana remain significantly lower than those on Ethereum and other major chains, offering a cost-effective solution for both retail and institutional investors.
• Increased Liquidity: The addition of APT and TRX boosts liquidity across Solana’s DeFi platforms, improving price efficiency and reducing slippage.

New Opportunities for Traders and Liquidity Providers

The addition of APT and TRX on Solana creates new opportunities for traders and liquidity providers. New trading pairs, deeper liquidity pools, and cross-ecosystem arbitrage will drive greater activity within Solana’s DeFi space.

Multi-Chain Strategies for Professional Traders

Professional traders can leverage multi-chain strategies to capitalize on price movements between Aptos, TRON, and Solana. Liquidity providers will benefit from increased trading volumes, enhancing the efficiency of Solana’s decentralized exchanges.

The Future of Solana: More Chains, More Assets

As more blockchains integrate with Solana, a truly interconnected DeFi ecosystem is becoming a reality. The inclusion of APT and TRX is just the beginning, with more assets expected to become tradable on Solana in the near future.

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What Happens if the $6.42 Level is Surpassed?

Aptos (APT) is currently trading at a critical level from a technical analysis perspective. If the $6.42 level is broken with significant volume, the upward movement in APT could gain momentum, and new target levels may come into play. In this case, the price is likely to gain momentum towards $7.00, and then potentially to $7.50. Especially if trading volume increases and buyers become dominant, APT could enter a bull trend.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

If APT cannot surpass the $6.42 level and fails to hold this area, investors may face a more challenging period. In this case, the price might retrace to around $5.48. Especially $5.48 is seen as an important support level, where liquidity has been concentrated. If this level is also broken down, APT could fall further towards $5.00.

What Should Investors Pay Attention To?

With the ongoing uncertainty in the cryptocurrency market, Aptos (APT) investors need to closely monitor price movements around the $6.42 level. Technical indicators suggest that APT will move depending on the breakout direction. If a volume-driven rise occurs, the upward expectation for APT could strengthen. However, if it fails to hold at this level, profit-taking opportunities could be considered, and a downtrend scenario should be taken into account.

In the coming days, APT‘s attempts to break the $6.42 resistance will be crucial for determining the price movement. If a strong breakout happens, the bullish trend could accelerate. However, if it fails to hold at this level, a downward movement may become inevitable.

Investors need to carefully follow market developments and volume movements.

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The post Aptos (APT) at Critical Resistance: Is a Rising Coming? appeared first on Coin Engineer.

What is Token Unlock? How Does It Affect the Market?

Token unlock is the release of locked tokens after a set period, typically for project teams, early investors, ICO/IDO participants, and community incentives. Gradual release helps maintain price stability and prevent speculative selling.

Unlocking tokens increases supply, which may cause price fluctuations. Large unlocks create selling pressure, though some investors may hold their tokens long-term, balancing supply.

Historically, token unlocks often lead to price drops. Analysts caution that these unlocks may create selling pressure, advising investors to be cautious.

Let’s take a look at which altcoins will experience token unlocks this week:

• Cheelee (CHEEL):
  • Unlock date: Monday, February 10
  • Unlock amount: 2.67 million CHEEL (worth $21.6 million – 4.68% of total supply)
• Berachain (BERA):
  • Unlock date: Tuesday, February 11
  • Unlock amount: 12.9 million BERA (worth $77.98 million – 12.2% of total supply)
• Moca (MOCA):
  • Unlock date: Tuesday, February 11
  • Unlock amount: 26.1 million MOCA (worth $178 million – 10.6% of total supply)
• Delysium (AGI):
  • Unlock date: Tuesday, February 11
  • Unlock amount: 66 million AGI (worth $6.2 million – 4.60% of total supply)
• Aptos (APT):
  • Unlock date: Wednesday, February 12
  • Unlock amount: 11 million APT (worth $66 million – 1.96% of total supply)
• Sweat Economy (SWEAT):
  • Unlock date: Thursday, February 13
  • Unlock amount: 356 million SWEAT (worth $3 million – 4.26% of total supply)
• Alethea AI (ALI):
  • Unlock date: Friday, February 14
  • Unlock amount: 133 million ALI (worth $1.3 million – 1.63% of total supply)
• The Sandbox (SAND):
  • Unlock date: Friday, February 14
  • Unlock amount: 205 million SAND (worth $80.2 million – 8.38% of total supply)
• StarkNet (STRK):
  • Unlock date: Saturday, February 15
  • Unlock amount: 64 million STRK (worth $15.9 million – 2.47% of total supply)
• Staika (STIK):
  • Unlock date: Saturday, February 15
  • Unlock amount: 2.1 million STIK (worth $8.8 million – 8.81% of total supply)
• Cyber (CYBER):
  • Unlock date: Saturday, February 15
  • Unlock amount: 5.02 million CYBER (worth $8.8 million – 5.02% of total supply)
• Arbitrum (ARB):
  • Unlock date: Sunday, February 16
  • Unlock amount: 92 million ARB (worth $42 million – 2.13% of total supply)

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The post Unlocking Dates for These Altcoins This Week! appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USD pair has lost 0.68% in the last 24 hours and is currently trading at $101,917. Bitcoin (BTC), if it moves up from here, the resistance level is $106,000. The support levels are $101,000 and $98,800.

Ethereum (ETH): The ETH/USDT pair has lost 1.80% in the last 24 hours and is currently trading at $3,240. The resistance levels for ETH are first at $3,360, followed by $3,520. The support levels are $3,190 and $3,020.

Aptos (APT): The APT/USDT pair has lost 5.13% in the last 24 hours and is currently trading at $7.40. The resistance levels for APT are first at $8.05, followed by $9. The support levels are $7.20, and if the decline deepens, the next support is at $6.80.

Drift Protocol (DRIFT): The DRIFT/USDT pair has lost 1.32% in the last 24 hours and is currently trading at $0.897. The resistance levels for DRIFT are first at $0.95, followed by $1.02. The support levels are $0.88, and if the decline deepens, the next support is at $0.84.

Worldcoin (WLD): The WLD/USDT pair has lost 2.46% in the last 24 hours and is currently trading at $1.7282. The resistance levels for WLD are first at $1.85, followed by $2.10. The support levels are $1.61, and if the decline deepens, the next support is at $1.54.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market are Alpha (ALPHA), Neiro (NEIRO), and Official Trump (TRUMP). Among the top gainers, Qtum (QTUM), Murasaki (MURA), and AI Companions (AIC) lead the list. On the other hand, the biggest losers in the market include Newton Project (NEW), Virtuals Protocol (VIRTUAL), and Toshi (TOSHI).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable liquidation on the upside is at $103,667 with $11.52 million. On the downside, the key liquidation level stands at $101,629 with $10.32 million.

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The post Bitcoin and Cryptocurrency Market Update: February 1 appeared first on Coin Engineer.

Aptos (APT) Price Analysis

Aptos has entered a rapid recovery phase. Currently, the first resistance level is at $12.64, but this appears to be a weak resistance point. If this level is surpassed, the next significant resistance will be at $13.50. Above $13.50, a rally could begin in Aptos. In case of a pullback, our support level is at $11. If the $11 level is lost, a decline to $10 for Aptos may be inevitable.

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The post APT Coin Price Analysis: Aptos is on the Rise! appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has increased by 1.49% in the last 24 hours and is currently trading at $62,103. The resistance levels for BTC are at $62,693 and $64,976. On the downside, the support levels are $59,987 and $57,535.

Ethereum (ETH): ETH/USDT has seen an increase of 1.57% in the last 24 hours and is currently at $2,417. The resistance levels are $2,531 and $2,735, while the support levels are $2,310 and $2,144.

Toncoin (TON): Toncoin has risen by 1.09% in the last 24 hours and is now trading at $5.42. The resistance levels are $5.92 and $6.86, with support levels at $5.14 and $4.43.

Aptos (APT): APT/USDT has gained 5.02% and is now trading at $8.94. The first resistance is at $9.37, followed by $10.39. The support levels are $7.88 and $7.25.

Avalanche (AVAX): AVAX has gained 4.36% in the last 24 hours and is now trading at $26.22. The resistance levels are $28.49 and $33.26, with support levels at $24.02 and $22.72.

Events of the Day

Liquidation Heatmap

The information in this article does not provide any investment advice.

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Bitcoin (BTC): The BTC/USDT pair has decreased by 0.98% in the last 24 hours and is currently trading at $58,869. Resistance levels for BTC are $61,980 and then $65,200. Support levels are $57,720 and $56,200 below this zone.

Ethereum (ETH): The ETH/USDT pair has decreased by 0.87% in the last 24 hours and is currently trading at $2,516. Resistance levels for ETH are first at $2,690 and then at $2,820. Support levels are at $2,435 and below this zone is the $2,120 level.

Aptos (APT): The APT/USDT pair has increased by 0.28% in the last 24 hours and is currently trading at $6.65. Resistance levels for APT are first $6.97 and then $7.35. Support levels are $5.72 and below this zone is the $4.30 level.

Solana (SOL): The SOL/USDT pair has decreased by 4.08% in the last 24 hours and is currently trading at $138.35. Resistance levels for SOL are first $149.19 and then $162.80. Support levels are $136.16 and below this zone is the $110.50 level.

Toncoin (TON): The TON/USDT pair has decreased by 1.51% in the last 24 hours and is currently trading at $5.46. Resistance levels for TON are first $5.62 and then $6.90. Support levels are $5.00 and below this zone is the $4.75 level.

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The information in this article does not provide any investment advice.

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Bitcoin (BTC): The BTC/USDT pair has decreased by 5.96% in the last 24 hours and is currently trading at $59,415. The resistance levels for BTC are first at $61,415 and then at $64,300. The support levels are $57,863 and below this zone is the $56,177 level.

Ethereum (ETH): The ETH/USDT pair has decreased by 8.46% in the last 24 hours and is currently trading at $2,467. The resistance levels for ETH are first at $2,677 and then at $2,819. The support levels are $2,308 and below this zone is the $2,130 level.

XRP (XRP): The XRP/USDT pair has decreased by 3.71% in the last 24 hours and is currently trading at $0.571. The resistance levels for XRP are first at $0.5952 and then at $0.6447. The support levels are $0.5450 and below this zone is the $0.4334 level.

Aptos (APT): The APT/USDT pair has decreased by 9.34% in the last 24 hours and is currently trading at $6.65. The resistance levels for APT are first at $6.99 and then at $7.66. The support levels are $5.71 and below this zone is the $4.34 level.

Chainlink (LINK): The LINK/USDT pair has decreased by 6.81% in the last 24 hours and is currently trading at $11.14. The resistance levels for LINK are first at $12.39 and then at $13.90. The support levels are $9.95 and below this zone is the $8.10 level.

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The information in this article does not provide any investment advice.

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Bitcoin (BTC): The BTC/USDT pair has gained 5.25% in the last 24 hours and is currently trading at $64,040. Resistance levels for BTC are first at $68,400 and then $70,000. Support levels are at $61,800 and below this zone is the $59,000 level.

Ethereum (ETH): The ETH/USDT pair has gained 3.31% in the last 24 hours and is currently trading at $2,762. Resistance levels for ETH are first at $2,790 and then at $3,040. Support levels are at $2,520 and below this zone is the $2,312 level.

Aptos (APT): The APT/USDT pair has gained 6.07% in the last 24 hours and is currently trading at $7.15. Resistance levels for APT are first at $7.37 and then at $9.40. Support levels are at $6.97 and below this zone is the $5.74 level.

Near (NEAR): The NEAR/USDT pair has gained 7.94% in the last 24 hours and is currently trading at $4.79. Resistance levels for NEAR are first at $5.90 and then at $6.50. Support levels are at $3.80 and below this zone is the $3 level.

Toncoin (TON): The TON/USDT pair has gained 1.91% in the last 24 hours and is currently trading at $6.71. Resistance levels for TON are first at $7.05 and then at $7.40. Support levels are at $6.38 and below this zone is the $6.07 level.

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