Bitget App
Trade smarter
MarketsTradeFuturesEarnSquareMore
Aster News Today: Major Investors Place Bold Wagers on ASTER's Surge While Questions About Sustainability Persist

Aster News Today: Major Investors Place Bold Wagers on ASTER's Surge While Questions About Sustainability Persist

Bitget-RWA2025/11/15 21:16
By:Bitget-RWA

- Whales accumulate ASTER tokens, pushing price toward $1.21 resistance amid mixed on-chain signals. - Derivatives volume jumps 34.47% to $1.89B, with open interest rising to $550.87M as traders speculate on breakout. - Technical analysts highlight a key ascending triangle pattern, but sustainability concerns linger due to stagnant adoption and low fees. - Market optimism grows with bullish tweets and 10% price surge, yet $2.14M in liquidations underscores volatility risks.

ASTER Price Swings Sharply as Whales Accumulate and Technical Patterns Emerge

In recent trading, Aster (ASTER) has climbed more than 8%, with bullish traders targeting the crucial $1.21 resistance. On-chain metrics present a mixed outlook for the token’s sustainability. The Binance-supported decentralized exchange (DEX) has surpassed $3.1 trillion in trading volume, but user growth has stalled and protocol fees have

. Open interest (OI) has also dropped to $2.669 billion, down from $5.011 billion at the start of October, .

Despite these headwinds, large holders have ramped up their activity, with significant investors

regarding its future prospects. One notable whale, previously earning $36 million from , recently acquired 8.41 million tokens, valued at $8.14 million. Another major externally owned address (EOA) now holds 42.17 million ASTER, worth $47.12 million.
Aster News Today: Major Investors Place Bold Wagers on ASTER's Surge While Questions About Sustainability Persist image 0
The derivatives market has also become more active, with 24-hour trading volume and open interest up 8.83% to $550.87 million.

Technical experts are split in their outlook, though some anticipate a breakout.

on the 4-hour chart, and a close above $1.2106 could signal a bullish reversal. At the same time, the token’s recent delay in unlocking— —has eased immediate dilution concerns, triggering a 10% rally and helping to steady market sentiment. Clusters of open interest and liquidity near the $1.20 mark indicate this level may be a short-term focus for traders .

Sentiment among traders is cautiously upbeat. "

," tweeted analyst CryptoBull_360, highlighting increased trading activity and as important signals. Nonetheless, risks remain. Over the last 24 hours, liquidations reached $2.14 million, with long positions making up $1.56 million—demonstrating the high leverage and volatility in this sector .

At present, ASTER is a high-risk play, with whale buying and derivatives activity fueling short-term moves. Its ability to maintain levels above $1.20 will hinge on overall market trends and whether adoption challenges can be overcome.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Bitcoin Updates: As Crypto Markets Waver, Founder’s BTC Acquisition Reflects Enduring Confidence

- Cryptocurrency markets fell for a third day, with Bitcoin dropping below $100,000, erasing $130B in value as panic spread. - Equation founder's BTC purchase signaled long-term confidence despite bearish sentiment and a "consolidation limbo" trapping Bitcoin. - Macroeconomic uncertainty from the U.S. government shutdown and $1B in liquidations worsened the selloff, while the Crypto Fear and Greed Index hit "Extreme Fear." - Institutional interest in crypto products like Canary XRPC ETF and decentralized p

Bitget-RWA2025/11/16 07:10
Bitcoin Updates: As Crypto Markets Waver, Founder’s BTC Acquisition Reflects Enduring Confidence