The Aster price surged 10% over the last 24 hours to trade at $1.25 as of 4 a.m. EST on trading volume that exploded 1,190% to $2.6 billion.
The ASTER price jumped sharply after Binance co-founder Changpeng Zhao, known by his nickname CZ, made a surprise announcement on social media.
“Full disclosure,” he said. ”I just bought some Aster today, using my own money, on Binance. I am not a trader. I buy and hold.”
This comment brought huge attention to ASTER, with many seeing it as a huge vote of confidence from one of crypto’s biggest names.
The price surged 27% as traders rushed to buy. Shortly before the spike, the price was drifting near $0.91, and then went parabolic to a peak of $1.26 in just a few hours.
Full disclosure. I just bought some Aster today, using my own money, on @Binance.
I am not a trader. I buy and hold. pic.twitter.com/wvmBwaXbKD
— CZ 🔶 BNB (@cz_binance) November 2, 2025
The rally was not just from retail buyers, and derivatives trading soared. ASTER’s open interest jumped 70%, reaching more than $781 million. Most Binance traders stayed bullish, with ASTER’s long-to-short ratio at 1.9, meaning there were almost twice as many long positions as shorts.
Whale Activity Contrasts Bullish Sentiment
However, not all traders agreed with the hype. Two whales stepped in and opened large shorts on Hyperliquid, a top crypto exchange. One whale placed $49.17 million in shorts, using 3x leverage. The second added an $18.45 million short position, bringing their combined positions betting ASTER will fall to $71 million.
JUST IN: Hyperliquid whale opens $ASTER 3x short position valued at $49.17 million, shortly after CZ publicly reveals on X he had purchased the token.
0x9eec98d048d06d9cd75318fffa3f3960e081daab pic.twitter.com/EJnXLnkzmE
— Whale Insider (@WhaleInsider) November 2, 2025
Aster Price Faces Whale Shorts, Speculation Grows
The Aster price quickly became the focus for both bullish and bearish traders. While the price soared after CZ’s buy, these whale short positions caused caution and speculation about the next move. The biggest short was opened at $1.18, then grew to more than $52 million as the whale kept adding.
The liquidation price for this position was $2.09, meaning if ASTER climbs much higher, the whale could lose everything. Traders are now closely watching to see who will win: Binance retail bulls or the whales betting against them.
On-chain data showed a massive rise in ASTER volume, with more than $3 billion traded as whales and smaller traders battled for control.
The attention also triggered a brief delisting of ASTER on DefiLlama after questions about volume reporting, but optimism returned as more analysts covered the surge. Despite huge short bets, Binance users mostly stayed net-long, hoping for further gains.
Aster Technical Analysis
Looking at the ASTERUSDT price chart, the coin price sits near $1.05 after the massive bounce. Resistance is now marked at $1.25, which was the recent high. Support is found at $1.05, and the next lower zone is near $0.85.
The short-term action shows the price holding just above both the 50-hour and 200-hour simple moving averages, at $1.036 and $1.048, which gives extra support for buyers. With the price just above these key lines, momentum is neutral but leaning bullish.
Relative Strength Index (RSI) stands at 44, meaning ASTER is neither overbought nor oversold. Buyers have some room to push higher before hitting exhaustion. The MACD (Moving Average Convergence Divergence) has turned slightly negative, which can signal weak momentum or a short pullback, matching the whale short bets.
However, with volume high and price above long-term support, any dip could attract new buyers.
The Chaikin Money Flow (CMF) indicator is positive at 0.22, suggesting money is still flowing into ASTER, helping price stability. If momentum returns with high volume, ASTER could retest resistance at $1.25 and, with enough buying, break out towards $1.28 and beyond.
If sellers take over, the price could retest support at $1.05 and possibly lower, to $0.85. But as long as ASTER holds above its moving averages, bullish momentum has a chance.
With CZ’s buy-and-hold message, many traders remain optimistic for the coin price, believing that the rally could continue if more buyers step in. At the same time, whales are betting big on a reversal. This tug-of-war has set the stage for high volatility in the coming days.
If ASTER smashes through the $1.25 resistance, new highs may come quickly. If it falls, lower supports could trigger fresh buying interest or more aggressive whale shorts. For now, the coin price story is all about which side blinks first.