$7.5M bought $ASTER spot. 👀
Same entity shorted 6.486M $ASTER on Hyperliquid.
Not a hedge. A yield farm.
Funding is running 450% annualized. Longs are paying shorts that much just to hold.
So the "whale accumulation" narrative? Manufactured. The spot buy is the cost of the trade. The perp short is the product.
Watch the funding. When it normalizes, the bid disappears.
Same entity shorted 6.486M $ASTER on Hyperliquid.
Not a hedge. A yield farm.
Funding is running 450% annualized. Longs are paying shorts that much just to hold.
So the "whale accumulation" narrative? Manufactured. The spot buy is the cost of the trade. The perp short is the product.
Watch the funding. When it normalizes, the bid disappears.
