ASTER FELL 15%, YET MOST OF ITS LEVERAGE IS STILL IN THE MARKET
No hack, no delisting and no official bad news, yet ASTER has been one of the weakest large tokens on Binance Futures over the past day
📉 As of 22:09 ICT, $ASTER USDT was down about 15.5% in 24 hours, and open interest in dollars dropped from roughly $86M to $69M
That looks like a big flush, but most of that decline comes from the lower price itself
Measured in contracts, open positions shrank only about 5%
🔍 Reports from Saturday evening showed around $4.5M of longs liquidated across Binance, Bybit and OKX in one hour, as ASTER fell 14.6% within that hour
So some leverage was forced out, but far from all of it
⚠️ Funding is now near neutral, so neither side is clearly crowded
If price keeps sliding while open interest holds, the remaining longs become the next fuel
If open interest falls and price stabilizes, this was a leverage reset rather than a broken token
$ASTER #CryptoSelloffTriggersMultipleWhaleLiquidations #Aster
No hack, no delisting and no official bad news, yet ASTER has been one of the weakest large tokens on Binance Futures over the past day
📉 As of 22:09 ICT, $ASTER USDT was down about 15.5% in 24 hours, and open interest in dollars dropped from roughly $86M to $69M
That looks like a big flush, but most of that decline comes from the lower price itself
Measured in contracts, open positions shrank only about 5%
🔍 Reports from Saturday evening showed around $4.5M of longs liquidated across Binance, Bybit and OKX in one hour, as ASTER fell 14.6% within that hour
So some leverage was forced out, but far from all of it
⚠️ Funding is now near neutral, so neither side is clearly crowded
If price keeps sliding while open interest holds, the remaining longs become the next fuel
If open interest falls and price stabilizes, this was a leverage reset rather than a broken token
$ASTER #CryptoSelloffTriggersMultipleWhaleLiquidations #Aster
