34M ASTER Withdrawn from Gate & Bybit Exchanges
On-chain data on September 24 revealed large ASTER withdrawals from Gate and Bybit. A whale at address 0xFB3 moved 24 million ASTER (approximately $41.8 million) from Gate to a private wallet. On the same day, wallet 0x5bd withdrew 3.46 million ASTER (~$6.8M) from Bybit, followed by a new wallet 0x5bd4 pulling 6.72 million ASTER (~$14M) off Bybit. In total, 34.18 million ASTER tokens left exchanges, reducing exchange liquidity and indicating potential accumulation. Traders should watch ASTER on-chain flows, exchange custody balances, order books, and market depth for bullish signals.
Bullish
The combined 34.18 million ASTER withdrawal reduces tokens available for sale on Gate and Bybit, signaling a shift toward accumulation and lower sell pressure. Historically, large off-exchange flows—especially by whales—have preceded bullish price moves as liquidity tightens. In the short term, traders may see a tighter order book and potential upticks in price. Over the long term, sustained withdrawals could indicate growing investor confidence and support a positive price trend for ASTER.