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ASTER Jumps 20% After CZ Buy But Whale Bets $49M on a Drop

The post ASTER Jumps 20% After CZ Buy But Whale Bets $49M on a Drop appeared com. In Brief CZ confirmed a personal ASTER purchase, pushing the token’s price up to $1. 19. Whale opened a $49. 17M ASTER short on Hyperliquid, contrasting bullish retail sentiment. ASTER reclaimed $0. 98 support; holding this level may decide short-term trend strength. A whale on Hyperliquid opened a $49. 17 million short position on ASTER shortly after Binance founder CZ revealed a personal purchase. CZ stated he bought the token using personal funds, clarifying he is not a trader but plans to hold long term. Following the announcement, ASTER surged by over 20% to reach $1. 19, briefly rallying from the $0. 91 zone shown in wallet data. On-chain records confirm the wallet holds over 2 million ASTER tokens, reinforcing the credibility of CZ’s transaction. Market analyst JA_Maartun noted that ASTER reclaimed the key $0. 98 support level during the move, which remains a critical level to watch. Holding above this threshold could reinforce bullish sentiment, while a breakdown may signal weakness ahead. Momentum remains positive, but short interest from large players adds uncertainty around near-term price direction. Derivative Metrics Show Bullish Bias but Signal Rising Volatility According to Coinglass, ASTER derivatives activity surged, with volume rising 149. 02% to $2. 71 billion over 24 hours. Open interest also jumped 74. 23% to $798. 9 million, reflecting increased trader engagement following the price rally. The 24-hour long/short ratio across platforms stood at 1. 0425, while Binance’s ASTER/USDT pair showed a stronger long bias above 2. 0. These figures suggest optimism among traders, though caution may be warranted as volatility rises. Total liquidations reached $4. 2 million, including $2. 35 million from longs and $1. 85 million from shorts. The mixed liquidations underline intense positioning on both sides of the market, driven by sharp price swings and leveraged exposure. While momentum remains strong, the combination of elevated open interest and whale short interest highlights the potential for.

admin November 2, 2025

**CZ Confirms Personal ASTER Purchase, Driving Token Price Above $1**

Binance founder Changpeng Zhao (CZ) recently confirmed a personal purchase of ASTER tokens, pushing the token’s price up to $1.19. Despite this bullish signal from CZ, a whale on Hyperliquid opened a significant $49.17 million short position on ASTER, contrasting the optimistic retail sentiment.

CZ clarified that he bought ASTER using personal funds and emphasized that he is not a trader, but intends to hold the tokens long term. Following his announcement, ASTER surged by over 20%, rallying from around $0.91 to reach $1.19, according to wallet data. On-chain records verify that CZ’s wallet holds over 2 million ASTER tokens, reinforcing the credibility of his transaction.

Market analyst JA_Maartun highlighted that ASTER successfully reclaimed the critical $0.98 support level during this move. This price point remains crucial to monitor—holding above $0.98 could strengthen bullish momentum, while a breakdown below might signal weakness in the short-term trend.

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**Mixed Signals as Whale Short Interest Grows Despite Positive Momentum**

While overall momentum for ASTER remains positive, the large short position opened by a whale underscores uncertainty about near-term price direction. The market is currently balancing between bullish retail enthusiasm and cautious positioning by large players.

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**Derivative Metrics Reflect Bullish Bias Amid Rising Volatility**

Data from Coinglass reveals a significant surge in ASTER derivatives activity. Trading volume over 24 hours increased by 149.02% to $2.71 billion, while open interest rose 74.23% to $798.9 million. This indicates heightened trader engagement following the price rally.

The 24-hour long/short ratio across platforms stands at 1.0425, showing a slight long bias, whereas Binance’s ASTER/USDT pair exhibits a stronger long bias with a ratio above 2.0. These figures point to optimism among traders, though the elevated volatility suggests the need for caution.

Total liquidations within 24 hours reached $4.2 million, including $2.35 million from long positions and $1.85 million from shorts. The mixed liquidation figures highlight intense positioning on both sides of the market, driven by sharp price swings and leveraged exposure.

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**Outlook: Key Support Levels Will Determine Short-Term Trends**

While the bullish momentum persists, the combination of rising open interest and substantial short positions by whales indicates potential for near-term price reversals. The behavior of ASTER around the critical $0.98 support zone will likely influence its price trajectory in the coming sessions.

Traders and investors should closely watch these key levels to gauge the strength of the current trend and prepare for possible volatility ahead.
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