ASTER liquidation amount ranks first in the entire network at 12.66 million USD, short liquidation pressures the price, trading volume remains high
On December 17, Aster (ASTER) became the focus of liquidation in the cryptocurrency market. According to RootData and Coinglass data, the total liquidation amount of ASTER contracts in the past 24 hours reached 12.66 million USD, ranking first among all cryptocurrency assets. Among them, long liquidations amounted to 5.05 million USD, while short liquidations reached 7.61 million USD, with a higher proportion of shorts, reflecting that bears profited substantially during the price adjustment. Major platforms such as Binance, OKX, and Bybit have been active in liquidations, with large single clearances frequently occurring, triggering a chain reaction.
The price of ASTER is approximately 0.79-0.82 USD, with a 24-hour decline of about 11%-14%, reaching a low of around 0.78 USD. Despite the impact of token unlocks and whale sell-offs, trading volume surged over 200%, reaching 360-650 million USD, with strong liquidity and a market cap of about 1.9 billion USD, ranked in the top 50. The correction stems from the third phase of airdrop unlocks without a lock-up period, with large holders quickly cashing out, combined with the broader market Bitcoin dipping, leading to excessive liquidation of long leveraged positions.
Although the wave of liquidations intensifies short-term panic, short traders accurately capture the downturn, with significant profits from high-leverage short positions. The community believes this cleanup of overheated leverage may pave the way for a healthy adjustment. Aster, as a multi-chain perpetual DEX, recently launched Shield Mode, a privacy trading feature, attracting institutional attention, with strong fundamentals and unchanged long-term potential.
Users on Binance Square are actively discussing the risks of liquidation and the timing of rebounds, with many posts reminding to control leverage and set stop-losses. Opportunities may lie under extreme fear; if the support at 0.78 USD holds, a rebound testing 0.90 USD can be expected. The mainnet upgrade in 2026 may inject vitality; it is recommended to maintain rational positions and pay attention to market correlations.
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