Whale Piles Into ASTER Shorts After CZ’s Comment – | Crypto News
Aster (ASTER) has seen heightened volatility in current classes as broader market promoting strain weighs on altcoins and investor sentiment stays fragile. Yet in the midst of this downturn, the token drew sudden consideration when Changpeng Zhao (CZ) — Binance’s former CEO — posted on X that he personally purchased ASTER utilizing his own funds instantly on Binance. The remark immediately sparked debate across the crypto neighborhood, with some viewing it as a confidence signal and others treating it with warning given current market circumstances.
However, not all major merchants share the bullish view. Shortly after CZ’s post, notable on-chain whale 0x9eec elevated a bearish positioning, including considerably to an already large ASTER short place. This divergence between a high-profile purchaser and a whale doubling down on shorts has injected additional uncertainty into the market narrative surrounding ASTER.
Price motion stays uneven as merchants weigh institutional habits, neighborhood affect, and market construction. With sentiment cut up and volatility rising, ASTER finds itself at the middle of a tug-of-war between speculative confidence and defensive positioning — a dynamic that might outline its near-term trajectory.
Whale Bets Against Aster Despite CZ’s Public Support
Aster finds itself at the middle of an uncommon market disconnect, where public sentiment and whale exercise are pulling in reverse instructions. According to Lookonchain data, shortly after CZ publicly said that he purchased ASTER with his own funds, an influential on-chain trader took the other stance. Wallet 0x9eec, a whale identified for large directional performs, has been aggressively rising his ASTER short publicity, signaling skepticism about the token’s near-term efficiency.
The deal with now holds 42.97 million ASTER in shorts, at present valued at roughly $52.8 million, with a liquidation price set at $2.091. This is a important place that clearly displays conviction — and raises questions across the market. While CZ’s remark boosted visibility and briefly stirred bullish chatter, this whale’s response seems to embody skilled skepticism, positioning for draw back quite than momentum continuation.
This divergence between symbolic insider confidence and quant-driven bearish positioning highlights a broader dynamic in the current market. Retail individuals often react shortly to influencer commentary, while large merchants lean on order stream, funding dynamics, and liquidity construction. With Aster trading in a risky surroundings and crypto markets under macro strain, whales seem more centered on risk management and price construction than narrative.
The fact that such a large short exists, and continues to grow, suggests that subtle gamers anticipate either additional correction or a liquidity event before a sustainable upside transfer. For merchants, the key shall be watching whether or not ASTER approaches the whale’s liquidation zone — a stage that might create violent short-covering if reclaimed — or whether or not the market continues to observe the whale’s thesis and slides decrease.
ASTER Downtrend Intact Below Key Moving Averages
Aster’s price motion on the 4-hour chart exhibits continued weak point despite a temporary volatility spike triggered by CZ’s announcement. The token stays in a clear downtrend, constantly trading below the 50-day and 200-day shifting averages, signaling that bearish momentum still dominates. The sharp bounce toward $1.25 shortly pale, with sellers stepping in nearly immediately and pushing the price back toward the $1.00 zone. This response suggests that the rally was pushed more by short-term sentiment following CZ’s point out than by sustained demand.
The failed breakout attempt also highlights how fragile confidence is in the current market surroundings. The shifting averages are sloping downward, reinforcing a bearish construction, and price has yet to reclaim key resistance ranges around $1.20–$1.30, which might be required to signal any significant development reversal. Volume spiked during the current transfer, indicating aggressive positioning — seemingly tied to short buildup from whales, as seen in on-chain data.
Right now, the $0.95–$1.00 vary seems to be appearing as instant help, but if promoting persists, a deeper retracement toward prior liquidity zones can’t be ruled out. For bulls to regain control, Aster must reclaim the 50-day MA and maintain above it with sustained quantity. Until then, warning stays warranted, as price construction favors sellers and broader market sentiment stays fragile.
Featured image from ChatGPT, chart from TradingView.com
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