Whale ASTER Short Make $1M; ETH/XRP Longs Loss $21.5M
On November 19, one big on-chain whale short 50.62 million ASTER tokens for $1.20 after CZ show im holdings. When ASTER drop to $0.84, di posishon show more than $16 million unrealized gains. But di whale delay to exit and close 4.79 million tokens at $1.02, make only $1 million profit. Big ASTER holdings still dey hold millions unrealized gains. The same address later put $300 million long positions on ETH at $3,220 and XRP at $2.29. The market keep going down don make these longs get combined $21.5 million unrealized loss. This thing show say crypto market get big wahala, how e good to take profit on time and manage risk well.
Bearish
Di news no dey favor ASTER. One big whale wen dey do big short against ASTER dey put pressure for di short term selling. Even though di token small kin bounce back, the delay for people to take profit show say di chance to go up no much. Di whale unrealized gains mean say di market fit still dey volatile. Join di losses wey dey ETH and XRP positions, di risk feeling fit still dey cautious, wey go press ASTER price. Traders fit dey avoid to enter new long positions till clear support show.