Nov 4, 2025
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Anti-CZ Whale Gains Close to $100M on ASTER and Altcoin Shorts
Key Developments in ASTER Token and Market Dynamics
- Aster experienced significant selling pressure after Changpeng Zhao's comment boosted its price. The token's rally was short-lived due to broader market weakness led by BTC and ETH.
- The downturn has prompted speculation about unwinding speculative flows as risk appetite declines across the crypto sector.
- On-chain data shows a trader, known as the Anti-CZ Whale, profited over $21 million by shorting ASTER post-announcement.
- The whale also holds profitable short positions on other major tokens like DOGE, ETH, XRP, and PEPE, with total unrealized gains nearing $100 million.
Market Environment and Volatility
- The current market environment is marked by significant stress, with key assets losing support zones and altcoins facing aggressive selloffs.
- The Anti-CZ Whale's strategy benefits from these conditions, highlighting the potential for outsized short positions in volatile markets.
- The ongoing situation reflects a critical phase where speculative excess is being reduced, rewarding disciplined positioning.
ASTER Price Analysis
- ASTER remains under pressure, struggling to maintain any bullish momentum despite brief volatility spikes following CZ's endorsement.
- The token failed to break above short-term moving averages, indicating continued bearish sentiment.
- Rejection near the $1.20 region and subsequent declines toward $0.90 suggest that bullish attempts are met with resistance.
- Volume analysis supports this bearish narrative as strongest trading bars appear on red candles, indicating selling dominance.
- If ASTER loses the current support area, it may face further declines toward mid-$0.80 and potentially $0.70 zones.
In summary, ASTER's recent performance highlights the ongoing challenges in the crypto market, particularly during periods of increased volatility and market stress.