ASTER move $3.25M go AsterDex as bearish momentum still dey
Arkham show say one ASTER whale transfer 4.96M ASTER (about $3.25M) go new wallet and later deposit am for AsterDex. This deposit fit mean say dem wan sell or dey stake. The whale before don gather $80.61M worth ASTER at $1.61 for Sep 2025; now ASTER don drop 59.3%, so the position dey about $4.74M unrealized loss, wey dey increase chance say dem fit waka comot soon.
Earlier whale moves still dey weigh down sentiment: Lookonchain report buy of 68.25M ASTER (~$113M) then dem sell half (34.62M ASTER). After that report, ASTER drop about 4.4%.
Price action still weak. ASTER dey inside descending channel and dey compress around $0.65–$0.68 after e bin get rejection near $0.79. Momentum indicators still bearish (Momentum Shift don stay negative for about 30 days; DMI Modified negative). Derivatives and positioning still lean short, while spot flows show small support: exchange outflows pass inflows, and Spot Netflow remain negative.
Traders suppose watch key levels for ASTER: if e break down below $0.64 e fit extend losses, but steady demand fit push ASTER back above $0.70 and toward $0.76.
Bearish
Di latest update tie di way whale de behave directly to AsterDex afta one big transfer, while di earlier reports don show di buy-then-sell pattern. With di whale wey de hold big unrealized loss, di flow increase di chance say distribution go continue. Technicals still dey for one descending channel wit negative momentum, and derivatives positioning don lean towards shorts. Even though exchange outflows dey show some demand interest, spot netflow wey remain negative and di price range compression mean limited upside follow-through, making near-term downside break (specially below $0.64) more likely pass one sustained rebound.