34M ASTER Withdrawn from Gate & Bybit Exchanges
On-chain data for September 24 show say big ASTER withdrawal happen for Gate and Bybit. One whale wey get address 0xFB3 carry 24 million ASTER (about $41.8 million) comot from Gate go private wallet. That same day, wallet 0x5bd comot 3.46 million ASTER (~$6.8M) from Bybit, then one new wallet 0x5bd4 carry 6.72 million ASTER (~$14M) comot from Bybit. Total, 34.18 million ASTER token don comot from exchange, which reduce how much exchange get and show say person fit dey collect. Traders need make dem watch ASTER on-chain flow, exchange custody balance, order books, and market depth to sabi if market go up.
Bullish
Di combined 34.18 million ASTER withdrawal dey reduce di tokens wey dey available for sale on Gate and Bybit, e mean say people dey shift towards accumulation and di sell pressure don reduce. For history, big off-exchange flows, especially from whales, dey always come before bullish price movements as di liquidity tightens. For short term, traders fit see say order book go tight well well and price fit rise small. For long term, steady withdrawals fit mean say investor confidence dey grow and e fit support positive price trend for ASTER.