Crypto Whale Make $100M Shorting ASTER and Other Tokens After CZ Buy ASTER
One crypto whale wey no put im name don make almost $100 million by short ASTER, ETH, XRP, DOGE plus PEPE after Binance CEO Changpeng Zhao announce say im buy ASTER worth $2.5 million. The whale get 58.27 million ASTER shorts for Hyperliquid—wey value $51.14 million with liquidation price of $2.091—wey don make about $21 million unrealized profit as ASTER price drop more than 20% to $0.88. When the profit from short for ETH, XRP, DOGE and PEPE join, the trader total profit near $100 million. This kind opposite strategy take advantage of big hype wey push ASTER price up and the bigger market correction after big wahala like the $120 million Balancer exploit. Meanwhile, big crypto indexes drop 3.75%, fear level climb go 27 and more than $1.3 billion long position don clear. Zhao talk say im be long-term investor, no be trader, wey make the first buying momentum start. The difference between CZ buy-and-hold ASTER style and the big whale aggressive shorting show say crypto market still get plenty wahala and people dey find chance to make money.
Bearish
Di heavy short positions wey dem get for ASTER dey show say bear tin don dey grow for di token, and di big money wey di whale make dey confirm say di price dey go down. After CZ buy ASTER for public eye, di big shorting fit make oda traders add or hold dia short positions, wey go make selling pressure strong. For short time, ASTER fit still dey face downward movement because market no get enough money and fear dey make people dey sell. For long time, if new buyers no show, di continuous selling and high wahala fit make investors lose confidence. Sometimes CZ buy and hold fit give small rally, but overall, di bearish feeling for ASTER go still dey.