$AERO update: yesterday's thesis played out, LAPTOP launches tomorrow, and there's a sell wall waiting above.
Yesterday we talked about LAPTOP's launch on Base potentially bringing volume to Aerodrome. Price was around 0.53 when that news broke, it's at 0.6345 now, up 18.64% in 24h.
Structure stays healthy: OI at 3.7% of mcap, futures at 4.1x spot, both within range. L/S at 1.87, the crowd is clearly long. Top trader positions at 1.83, nearly the same direction as the crowd, no real split, but everyone's on the same side.
Taker at 0.86, slightly seller-leaning, worth noting with price climbing.
Whale orders show two layers. Above (0.75-1.2 range), there are stacked sell walls, the largest at 0.99 for $560.98K, most aged between 1 and 94 days. Below (0.28-0.62 range), there are buy orders, the freshest at 0.62 placed 3 hours ago for $118.81K, the closest support to current price.
One day out from launch, the thesis has held up so far. But those sell walls above, especially the 0.75-0.99 band, form real resistance, whether tomorrow's LAPTOP volume is enough to clear them is the real question.
Yesterday we talked about LAPTOP's launch on Base potentially bringing volume to Aerodrome. Price was around 0.53 when that news broke, it's at 0.6345 now, up 18.64% in 24h.
Structure stays healthy: OI at 3.7% of mcap, futures at 4.1x spot, both within range. L/S at 1.87, the crowd is clearly long. Top trader positions at 1.83, nearly the same direction as the crowd, no real split, but everyone's on the same side.
Taker at 0.86, slightly seller-leaning, worth noting with price climbing.
Whale orders show two layers. Above (0.75-1.2 range), there are stacked sell walls, the largest at 0.99 for $560.98K, most aged between 1 and 94 days. Below (0.28-0.62 range), there are buy orders, the freshest at 0.62 placed 3 hours ago for $118.81K, the closest support to current price.
One day out from launch, the thesis has held up so far. But those sell walls above, especially the 0.75-0.99 band, form real resistance, whether tomorrow's LAPTOP volume is enough to clear them is the real question.
