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 near-term reversals. Price behaviour in the next sessions will likely be influenced by how ASTER holds key support zones.
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Source: https://coincu.com/analysis/aster-jumps-20-after-cz-buy-but-whale/