Whale Piles Into ASTER Shorts After CZ’s Comment – $52.8M On the Line

Aster has experienced increased volatility in recent sessions due to broader market selling pressure and fragile investor sentiment. Changpeng Zhao, Binance's former CEO, recently posted that he personally bought Aster using his own funds, sparking debate across the crypto community. Some view this as a confidence signal, while others are cautious given current market conditions. However, not all major traders share the bullish view, with a notable on-chain whale increasing a bearish positioning and adding 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. The whale, known as 0x9eec, has been aggressively increasing its Aster short exposure, signaling skepticism about the token's near-term performance. The whale's short position is currently valued at approximately $52.8 million, with a liquidation price set at $2.091, reflecting conviction and raising questions across the market. Aster's price action remains choppy, with the token trading in a volatile environment and crypto markets under macro pressure, and whales appear more focused on risk management and price structure than narrative. The token remains in a clear downtrend, consistently trading below the 50-day and 200-day moving averages, signaling that bearish momentum still dominates. For Aster to regain control, it 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.