ASTER whale exits the market, falling into a dilemma, with bears dominating and technical indicators continuing to break down

【Crypto World】ASTER has recently fallen into a passive situation. Large investors’ mass exit triggered a chain reaction, with a $2.33 million sell-off directly locking in a $667,000 loss, and selling pressure clearly increasing.

From a technical perspective, the price cannot hold around $0.76 and has already broken below the key Fibonacci support level. The next target range points to $0.646 to $0.588, with these two levels stuck within a continuing downtrend channel.

On the data side, the outlook is even more pessimistic. Open interest has shrunk by 3.92% to $420.8 million, with the short position ratio reaching as high as 58.35%, showing a clear advantage. The liquidation data is also asymmetric — longs were liquidated for $48,570, while shorts were only liquidated for $3.65 million. This stark contrast indicates significant pressure on the longs.

Overall, sellers hold absolute dominance. As long as buyers cannot regain higher price levels, downward pressure will persist.