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 funds. The comment initially sent the token sharply higher as traders reacted to the endorsement, but the rally was short-lived. As broader market weakness intensified and Bitcoin and Ethereum led a widespread downturn, ASTER retraced aggressively, erasing most of its post-announcement gains. Related 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 crypto. Major 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 momentum. At 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 wallets. The whale continued adding to their position as retail excitement peaked, and with the price now sharply lower, the trade is paying off dramatically. The dynamic underscores elevated volatility and uncertainty, reinforcing that market sentiment remains fragile despite isolated bullish triggers. Whale Expands Winning Bet Across Majors as Market Stress Deepens According to Lookonchain, the Anti-CZ Whale’s aggressive positioning extends far beyond Aster. The 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 profit. On Hyperliquid, his combined unrealized gains now sit close to $100 million, making this one of the cycle’s most profitable orchestrated short campaigns. The scale and accuracy of these trades highlight a sophisticated strategy targeting momentum shifts across major assets, not just isolated tokens reacting to social sentiment. This development arrives at a fragile moment for the broader crypto market. Bitcoin has broken below key support zones, Ethereum continues to slide, and altcoins are selling off aggressively as liquidity withdraws and sentiment turns defensive. In this environment, leveraged traders and forced sellers are adding fuel to downside volatility, creating an environment where outsized short positions can thrive. The whale’s gains underscore the market’s critical phase — a period where speculative excess is being flushed out and only disciplined positioning is rewarded. Whether 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 pressure. Related 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 volatility. Following CZ’s comment and the initial price reaction, ASTER saw a sharp spike higher, but that move quickly faded as sellers regained control. The token failed to break above the short-term moving average trend line, signaling that momentum remains firmly to the downside. The rejection near the $1.20 region and the subsequent selloff back toward the $0.90 zone highlight how fragile bullish attempts currently are. Every bounce is being met with distribution, suggesting that short-term participants are using strength to exit rather than accumulate. Volume also confirms this narrative — the strongest bars appear on red candles, showing aggressive selling dominance. Related 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 September. Losing this level could open the door for a deeper retrace toward the mid-$0.80 and potentially $0.70 support zones if market weakness persists. For 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 weeks. Featured image from ChatGPT, chart from TradingView.com
Aster (ASTER) has seen heightened volatility in recent sessions as broader market selling pressure weighs on altcoins and investor sentiment remains fragile. Yet in the midst of this downturn, the token drew unexpected attention when Changpeng Zhao (CZ) — Binance’s former CEO — posted on X that he personally bought ASTER using his own funds directly on Binance. The comment immediately sparked debate across the crypto community, with some viewing it as a confidence signal and others treating it with caution given current market conditions. Related Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details However, not all major traders share the bullish view. Shortly after CZ’s post, notable on-chain whale 0x9eec increased a bearish positioning, adding significantly to an already large ASTER short position. This divergence between a high-profile buyer and a whale doubling down on shorts has injected further uncertainty into the market narrative surrounding ASTER. Price action remains choppy as traders weigh institutional behavior, community influence, and market structure. With sentiment split and volatility rising, ASTER finds itself at the center of a tug-of-war between speculative confidence and defensive positioning — a dynamic that could define its near-term trajectory. Whale Bets Against Aster Despite CZ’s Public Support Aster finds itself at the center of an unusual market disconnect, where public sentiment and whale activity are pulling in opposite directions. According to Lookonchain data, shortly after CZ publicly stated that he bought ASTER with his own funds, an influential on-chain trader took the opposite stance. Wallet 0x9eec, a whale known for large directional plays, has been aggressively increasing his ASTER short exposure, signaling skepticism about the token’s near-term performance. The address now holds 42.97 million ASTER in shorts, currently valued at approximately $52.8 million, with a liquidation price set at $2.091. This is a significant position that clearly reflects conviction — and raises questions across the market. While CZ’s comment boosted visibility and briefly stirred bullish chatter, this whale’s response appears to embody professional skepticism, positioning for downside rather than momentum continuation. This divergence between symbolic insider confidence and quant-driven bearish positioning highlights a broader dynamic in the current market. Retail participants often react quickly to influencer commentary, while large traders lean on order flow, funding dynamics, and liquidity structure. With Aster trading in a volatile environment and crypto markets under macro pressure, whales appear more focused on risk management and price structure than narrative. The fact that such a large short exists, and continues to grow, suggests that sophisticated players anticipate either further correction or a liquidity event before a sustainable upside move. For traders, the key will be watching whether ASTER approaches the whale’s liquidation zone — a level that could create violent short-covering if reclaimed — or whether the market continues to follow the whale’s thesis and slides lower. Related Reading: Bitcoin Point Of Control Sits At $117K – Key Battle Zone For Bulls ASTER Downtrend Intact Below Key Moving Averages Aster’s price action on the 4-hour chart shows continued weakness despite a brief volatility spike triggered by CZ’s announcement. The token remains in a clear downtrend, consistently trading below the 50-day and 200-day moving averages, signaling that bearish momentum still dominates. The sharp bounce toward $1.25 quickly faded, with sellers stepping in almost immediately and pushing the price back toward the $1.00 zone. This reaction suggests that the rally was driven more by short-term sentiment following CZ’s mention than by sustained demand. The failed breakout attempt also highlights how fragile confidence is in the current market environment. The moving averages are sloping downward, reinforcing a bearish structure, and price has yet to reclaim key resistance levels around $1.20–$1.30, which would be required to signal any meaningful trend reversal. Volume spiked during the recent move, indicating aggressive positioning — likely tied to short buildup from whales, as seen in on-chain data. Related Reading: Bitcoin Records Over $300B Spot Volume In October – Investors Shift Away From Leverage Right now, the $0.95–$1.00 range appears to be acting as immediate support, but if selling persists, a deeper retracement toward prior liquidity zones cannot be ruled out. For bulls to regain control, Aster must reclaim the 50-day MA and hold above it with sustained volume. Until then, caution remains warranted, as price structure favors sellers and broader market sentiment remains fragile. Featured image from ChatGPT, chart from TradingView.com
Aster has been making waves across the crypto market after reaching a fresh all-time high of $2.34 just hours ago. Since its launch on September 17, the token has surged by more than 6,000%, an extraordinary move that has captured the attention of traders and investors worldwide. The explosive rally underscores the growing momentum behind Aster, which positions itself as a decentralized perpetual exchange aiming to disrupt the sector. Related Reading: Bitcoin Net Liquidations Stay Negative Near $40M: Analyst Warns Downside Still In Play The token’s rise is not just a speculative event—it comes backed by Yzi Labs (formerly Binance Labs) and carries the public endorsement of former Binance CEO Changpeng “CZ” Zhao, giving it credibility and visibility from day one. This combination of institutional support and high-profile advocacy has accelerated adoption and fueled confidence in Aster’s potential to challenge established platforms. Despite its sharp gains, Aster’s price action reflects the volatility typical of newly launched tokens, with investors closely watching whether it can sustain momentum and establish a stable range. Market participants are now debating whether this breakout signals the start of a long-term trend or a short-lived speculative frenzy. Either way, Aster has positioned itself as one of the most closely watched tokens of the moment. Technical Setup And Market Outlook Top analyst Big Cheds recently shared a technical perspective on Aster, highlighting a notable shift in market structure. According to him, the token displayed a hammer candle earlier this week, a classic reversal signal that suggested a potential bottom. Since that moment on Monday, Aster has followed through impressively, surging more than 70% and printing a new all-time high. This sequence of technical signals confirms not only the validity of the setup but also the strength of buying momentum behind the token. The hammer candle, followed by decisive upward action, signals a trend shift that traders often interpret as the beginning of a sustained rally. This strong follow-through shows that market participants are willing to accumulate Aster aggressively, even in the face of broader market volatility. However, the coming days will be crucial. The crypto market is entering a cautious phase, with liquidity tightening and altcoin volatility increasing. Against this backdrop, Aster’s ability to maintain momentum will be tested. As a direct competitor of perpetual DEX leaders like Hyperliquid and newer challengers such as Avantis on Base, Aster faces a demanding path forward. Yet, with strong technical signals and growing community backing, analysts suggest Aster could be positioning itself for significant expansion in the coming months. Related Reading: Bitcoin Short-Term Holders Capitulate: 30K BTC In Realized Losses Over 24 Hours ASTER Price Analysis: Bullish Momentum Holds Aster (ASTER) continues to show impressive strength as it consolidates near its new all-time highs. The hourly chart highlights a steady bullish structure, with price currently trading around $2.27, just below the recent peak of $2.34. Importantly, ASTER has maintained its position well above the 50 EMA ($1.85), signaling ongoing buyer dominance and strong support from trend-following participants. After the initial surge and short-term retracement earlier this week, ASTER established higher lows, showing that demand quickly absorbed selling pressure. The recent push above $2.20 confirms follow-through buying, reflecting renewed confidence and momentum in the market. This pattern suggests that traders are actively accumulating at pullbacks, reinforcing the bullish outlook. Related Reading: Crypto Leverage Whipeout: $600M+ In BTC & ETH Longs Liquidated Volume trends support this momentum, with bursts of activity accompanying upward moves, while corrections have seen lighter selling pressure. As long as ASTER holds above the $2.00 psychological level and the $1.85 EMA, the bullish trend remains intact. A break above $2.34 could open the door to another leg higher, while failure to defend $2.00 would risk a deeper correction. Featured image from Dall-E, chart from TradingView