Something big has happened! The former top leader of the crypto circle, CZ, has surprisingly become a 'retail investor'? The latest on-chain data shows that CZ has over 2 million USD worth of ASTER in his wallet, with an average purchase cost of 0.913 USD. And what's the price of ASTER now? Less than 0.73 USD!
Another major KOL in the crypto space, 'EnHeng', just withdrew over 1 million ASTER from Binance, worth over 700,000 USD, with an average price around 0.706. When these two actions are combined, the situation changes. Are the big players secretly accumulating at this position?
How to view the news? Don't just watch the excitement!
Many people are delighted when the big shots lose money, or they panic to death. This perspective is too narrow! We need to ponder:
CZ's wallet holdings, this is likely just the tip of the iceberg of his assets. The key signal is that this level of giant is willing to buy and hold with real money, indicating that he has a long-term positive outlook on this project.
A floating loss of 20% is selling for retail investors, but for big players, it might just be a 'cost accumulation zone'. Will there be follow-up actions? Will there be related ecological cooperation? This is what we should pay attention to as potential good news.
KOL synchronously bottom-fishing, indicating that some sensitive funds in the market believe the current price has entered a 'value range' worth betting on. They are not afraid of being stuck in the short term; they are looking for future potential.
Therefore, Bai Yue believes that the short-term news is a bearish appearance of 'big players being stuck', but looking deeper, it is a signal that 'smart money is collecting chips during the decline'. This is not just a mindless follow; it reminds you that this may not simply be panic, and the long-short game is very intense.
A turning point in the technical aspect! Is dawn breaking?
Let's take a look at the 4-hour K-line chart, interesting things are coming:
Although the price is weak, there is significant struggle near the current 0.715, with no straight drop, indicating that there is buying support.
The key is the MACD indicator! While the price is low, the fast and slow lines of MACD have formed a golden cross below the zero axis and are starting to turn upwards. This is a classic potential signal of 'bottom divergence'—the price has stopped falling, the downward momentum is weakening, and the rebound power is quietly accumulating.
The area marked on the chart as 'volume explosion' also indicates that there is a lot of chip exchange at this position; if someone sells, there will definitely be someone buying.
The recent resistance level above is in the range of 0.75-0.78; if it can break through with volume, the short-term situation will improve significantly. The strong resistance level is near 0.99. If you don't know how to time it, you can follow Bai Yue, who will analyze in real-time in the village and provide the current best entry points.
Advice for retail players:
If you are already stuck at a high position: selling at this level doesn't make much sense, and it is easier to sell near the floor. It's better to lie flat and wait for a decent rebound, then decide whether to reduce positions or continue holding based on the strength.
If you are in cash and want to bet on a rebound: remember, only use a small position! You can try to build a small base in the range of 0.705-0.715 in batches, with a stop loss set below 0.690. If you don't know how to time it, you can follow Bai Yue, who will analyze in real-time in the village and provide the current best entry points.
Bai Yue's personal opinion
My view is: don't be overly pessimistic in the short term, and still need to observe in the medium to long term. The overall market is indeed bearish, but ASTER has shown 'anti-fall' or even 'resistance' signals that differ from the overall downward trend in terms of news (big players' positions) and technical aspects (the initial form of bottom divergence). This is likely to be digesting bad news in advance, or brewing a significant rebound from an oversold condition. If you don't know how to time it, you can follow Bai Yue, who will analyze in real-time in the village and provide the current best entry points.
The market always has opportunities; the key is to operate calmly. Bai Yue will continue to help everyone monitor the on-chain dynamics and move forward steadily together! Follow Bai Yue and participate in every attack by the villagers of Bai Yue! Bai Yue will announce the specific entry times and real-time news in the village every day!
