Nov 4, 2025
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Whale Bets $52.8M Against ASTER Despite CZ’s Public Support
Aster (ASTER) Faces Volatility Amid Divergent Market Sentiment
- Aster (ASTER) is experiencing increased volatility due to broader market selling pressure and fragile investor sentiment.
- Ex-Binance CEO Changpeng Zhao (CZ) announced his personal purchase of ASTER on Binance, sparking debate within the crypto community about its implications.
- While some see CZ's move as a confidence signal, notable trader 0x9eec has increased a bearish position, adding complexity to ASTER's market narrative.
Whale Bets Against Aster Despite CZ’s Public Support
- Data from Lookonchain shows wallet 0x9eec holds a significant short position of 42.97 million ASTER, valued at $52.8 million, with a liquidation price of $2.091.
- This large short position reflects skepticism about ASTER's short-term performance, contrasting with CZ's bullish stance.
- The divergence highlights a dynamic where retail sentiment follows influencers, while whales focus on risk management and liquidity structure.
- Sophisticated players anticipate further correction or a liquidity event before any sustainable upside in ASTER's price.
Downtrend Intact Below Key Moving Averages
- ASTER remains in a downtrend on the 4-hour chart, trading below the 50-day and 200-day moving averages despite a brief spike from CZ's announcement.
- The token's price quickly retraced after reaching $1.25, indicating short-term sentiment rather than sustained demand drove the rally.
- The failed breakout emphasizes the fragility of current market confidence, with resistance levels between $1.20–$1.30 remaining unclaimed.
- Immediate support is around $0.95–$1.00, but continued selling could lead to deeper retracement.
- Bulls need to reclaim the 50-day MA with sustained volume for any meaningful trend reversal.