Aster has come under heavy selling pressure after an abrupt price spike triggered by Changpeng Zhao’s comment on Sunday in which the Binance founder publicly stated he bought ASTER with his personal 0 comment initially sent the token sharply higher as traders reacted to the endorsement but the rally was 1 broader market weakness intensified and Bitcoin and Ethereum led a widespread downturn ASTER retraced aggressively
erasing most of its post-announcement 2 Reading: Whale Piles Into ASTER Shorts After CZ’s Comment – $52.8M On the Line The reversal has fueled speculation that speculative flows are unwinding just as risk appetite evaporates across 3 assets are under pressure with BTC losing key support zones and ETH sliding alongside broader altcoins creating a challenging environment for any token attempting to sustain upside 4 the same time on-chain data from Lookonchain reveals a striking development: the Anti-CZ Whale — a trader who aggressively shorted ASTER immediately after CZ’s post — is now sitting on over $21 million in unrealized profit across two 5 whale continued adding to their position as retail excitement peaked
and with the price now sharply lower the trade is paying off 6 dynamic underscores elevated volatility and uncertainty reinforcing that market sentiment remains fragile despite isolated bullish 7 Expands Winning Bet Across Majors as Market Stress Deepens According to Lookonchain the Anti-CZ Whale’s aggressive positioning extends far beyond 8 same trader who built a large ASTER short immediately after Changpeng Zhao’s post is also shorting DOGE
ETH XRP and PEPE — and every single position is currently in 9 Hyperliquid his combined unrealized gains now sit close to $100 million
making this one of the cycle’s most profitable orchestrated short 10 scale and accuracy of these trades highlight a sophisticated strategy targeting momentum shifts across major assets not just isolated tokens reacting to social 11 development arrives at a fragile moment for the broader crypto 12 has broken below key support zones Ethereum continues to slide and altcoins are selling off aggressively as liquidity withdraws and sentiment turns 13 this environment
leveraged traders and forced sellers are adding fuel to downside volatility creating an environment where outsized short positions can 14 whale’s gains underscore the market’s critical phase — a period where speculative excess is being flushed out and only disciplined positioning is 15 this marks the prelude to a deeper capitulation or the final shakeout before recovery will depend on how quickly market demand returns to absorb selling 16 Reading: Balancer Protocol Sees $70M Exit In Suspected Crypto Exploit ASTER Price Analysis: Weak Structure Persists as Sellers Maintain Control Aster continues to trade under heavy pressure and the 8-hour chart reinforces a clear bearish structure despite brief spikes in 17 CZ’s comment and the initial price reaction
ASTER saw a sharp spike higher but that move quickly faded as sellers regained 18 token failed to break above the short-term moving average trend line signaling that momentum remains firmly to the 19 rejection near the $1.20 region and the subsequent selloff back toward the $0.90 zone highlight how fragile bullish attempts currently 20 bounce is being met with distribution suggesting that short-term participants are using strength to exit rather than 21 also confirms this narrative — the strongest bars appear on red candles
showing aggressive selling 22 Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details The price is now hovering just above a key support area formed in late 23 this level could open the door for a deeper retrace toward the mid-$0.80 and potentially $0.70 support zones if market weakness 24 ASTER to reclaim any bullish structure it needs to recover above the 50-period moving average and establish higher lows — something it has failed to do for 25 image from ChatGPT chart from 26
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