😱 ASTER’s $1B Wipeout: Is the Party Over? 🎉💸

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Key Takeaways (Because Who Has Time for the Whole Story? 🕒)

Why is ASTER dropping? 🤔

Futures Netflows hit -$139.9 million (ouch!), Perpetual Volume slid to $42.88 billion (slippery slope!), and Spot showed a negative delta (bear hug alert! 🐻).

What levels matter next for ASTER? 🎯

ASTER might test the $1.32 support level if the sell-off continues (drama queen!), or bounce back to $2.1 and $2.4 if the FOMO crowd returns (fingers crossed! 🤞).

Since hitting its all-time high of $2.43 on 24 September (good times, right? 🥳), Aster [ASTER] has been on a wild downward spiral. 🌀

At the time of writing, the altcoin was trading at $1.74, after a 10.34% nosedive on the daily charts. 😱 It’s also down by approximately 27.75% from its ATH. Talk about a hangover! 🍸

During this rollercoaster, its market cap slipped by nearly $1 billion (bye-bye, billions! 👋), from $3.89 billion to $2.9 billion. So, is the ASTER hype over? Or is this just a dramatic pause? 🎭

Futures: The Party’s Over, Folks! 🎉👉🚪

After a massive Futures frenzy, ASTER investors are now running for the hills. 🏃‍♂️💨 According to CoinGlass, Futures Inflows fell to $1.22 billion while outflows jumped to $1.36 billion. The result? Negative netflows of -$139.9 million – a whopping -133% change in 24 hours. Yikes! 😬

When outflows outpace inflows, it’s like everyone’s leaving the party early. 🕺💨 Time to call it a night?

Meanwhile, ASTER’s Perpetual Volume took a nosedive, dropping from $46.98 billion to $42.88 billion in 24 hours. In the past week alone, it’s fallen from $188.3 billion. That’s a lot of traders closing their tabs! 🍻👋

Fewer open positions? Check. Aggressive de-risking? Double-check. Traders are playing it safe – or are they just party poopers? 🤷‍♂️

Bears Take Over the Spot Market 🐻🎤

The Spot market is no longer a buyer’s paradise. Sellers have crashed the party, and they’re not here to make friends. 😤

Coinalyze data shows a negative buy-sell delta for two consecutive days. On 28 September, ASTER logged 38.8k in Sell Volume versus 32k in Buy Volume, creating a -6k delta. That’s a bear hug if we’ve ever seen one! 🐻

Whales Are Swimming Away 🌊🐳

Remember when whales were scooping up over 1.6 billion in a single day? Good times. 🤑 But now, they’re scaling back. This week, they bought only 21 million while offloading 15 million. Speculative appetite? More like speculative indigestion. 🤢

Correction or Trend Reversal? 🧐

According to AMBCrypto’s analysis, ASTER’s investor sentiment has done a 180 across Futures and Spot markets. Traders are cutting their losses in Futures, and Spot sellers are dominating. Not a great look for ASTER right now. 😢

If the bears keep their grip, ASTER could drop to its $1.32 support. But if the FOMO crowd returns, we might see a retest of $2.1 before challenging the $2.4 resistance zone. Will it be a comeback or a curtain call? 🎭🤔

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2025-09-29 08:12