After CZ's acquisition, whales opened short positions.

Recently, significant developments have occurred in the cryptocurrency market. Following a post by Binance founder Changpeng Zhao, commonly referred to as CZ, regarding the purchase of the ASTER (ASTER) token, market dynamics changed rapidly. This announcement prompted two major investors to open a total of 58 million dollars worth of short positions.

According to on-chain analysis platform Lookonchain, a large investor identified as 0x9eec increased their ASTER position to open a short position worth approximately 52.8 million dollars with 42.97 million tokens following CZ's announcement. The liquidation level for this position is set at 2.091 dollars. Additionally, another whale investor identified as 0xbadb made a similar move by opening a short position worth about 19.1 million dollars with 15.3 million ASTER. The liquidation price for this investor is reported to be 2.1109 dollars.

According to Lookonchain's recent updates, both investors currently find themselves in a profitable position. The 0x9eec address has made a profit of approximately 5.9 million dollars, while the 0xbadb address has secured a profit of 1.4 million dollars. This situation indicates a division in the market for the ASTER token, which saw its price increase by more than %40 following CZ's personal buying announcement.

Particularly, some investors support CZ's emphasis on "hodl," while whales expect a price pullback in the short term. Cryptocurrency investors need to closely monitor these market fluctuations. Tracking various price levels and market trends is crucial for developing short-term and long-term strategies.