On December 15 (UTC+8), Binance founder CZ directly responded to market inquiries about his purchase of $2 million worth of ASTER. He revealed that his actual purchase exceeded $2 million and that he continued to buy more even after posting the related tweets.
As early as November 2, CZ publicly announced his acquisition of ASTER. The screenshot he shared showed his account holding 2,090,598.14 ASTER at a transaction price of $0.913. On November 4, he stated again that he had increased his position.
01 CZ’s Positioning Signal
CZ’s confirmation of his increased ASTER holdings marks another clear accumulation following his initial public purchase in early November. Unlike most investors who operate discreetly, CZ chooses to disclose his position changes, sending a strong signal to the market.
When asked if he had purchased $2 million worth of ASTER, CZ responded succinctly and decisively: "More than $2 million. I kept buying after posting the tweet."
Such transparency is rare in the cryptocurrency industry. As the founder of the world’s largest crypto exchange, every public move CZ makes draws widespread market attention.
02 Market Reaction and Price Performance
Following news of CZ’s increased position, ASTER’s price has demonstrated notable resilience. According to Gate’s trading platform data, as of December 13, the spot price for ASTER/USDT was approximately $0.9337.
Despite a slight pullback over the past 24 hours (around -0.43%), ASTER has shown impressive stability amid broader market fluctuations.
Especially near the key support area of $0.92, the token maintained stability for several consecutive days, building a solid technical foundation.
Market analysts note that this area aligns with the lower end of the value zone, representing a reasonable value floor within the current trading range. When the price consistently holds above VAL, it typically signals an accumulation phase, with buyers absorbing sell-side liquidity.
According to historical price data from LBank, ASTER traded between $0.914 and $0.9857 on December 11, closing at $0.9296.
Below are key data points for ASTER’s recent price performance:
| Date | Open (USD) | High (USD) | Low (USD) | Close (USD) | Volume |
|---|---|---|---|---|---|
| Dec 11 | 0.960198 | 0.9857 | 0.914 | 0.9296 | 308.423M |
| Dec 10 | 0.963716 | 0.9905 | 0.944 | 0.9607 | 278.267M |
| Dec 09 | 0.949751 | 0.9748 | 0.9241 | 0.9673 | 217.044M |
| Dec 08 | 0.9237 | 0.9836 | 0.897 | 0.9475 | 332.691M |
| Dec 07 | 0.982302 | 0.987 | 0.907 | 0.922494 | 229.128M |
Data source:
03 Technical Analysis and Market Structure
From a technical analysis perspective, ASTER is currently at a critical juncture. The token has shown clear resilience at the $0.92 support area, which analysts identify as a "bullish order block structure."
Importantly, while occasional candle wicks dip below $0.92, daily candle closes remain above VAL, confirming continued demand at this level.
Market structure analysis suggests that as long as ASTER closes above the value area low, support remains intact. Temporary dips to this level are acceptable, but strong closes indicate sellers have yet to take control.
Analysts are closely watching to see if ASTER can reclaim the point of control (POC), which often signals a transition from consolidation to expansion.
If ASTER successfully reclaims POC, the probability of rotating up toward the $0.09 HTF resistance increases significantly. This level is one of the most important resistance zones on ASTER’s chart, serving as both a historical rejection area and the structural upper boundary of the current range.
Notably, ASTER’s published roadmap for 2026 has boosted long-term investor confidence, including plans for a new Layer-1 blockchain. This fundamental factor, combined with CZ’s increased holdings, provides dual support for the asset.
04 Whale Activity and Market Depth
Beyond CZ’s public accumulation, on-chain data shows other large investors actively accumulating ASTER. According to on-chain analysts, one address has frequently withdrawn ASTER from Gate in recent days.
Currently, this address holds 61.343 million ASTER, valued at approximately $126 million.
On December 15 alone, the address withdrew another 6.343 million ASTER, worth about $12.94 million. After transferring 35 million USDT from Binance to Gate early that morning, the address withdrew these ASTER tokens.
To date, the address has transferred a total of 98.95 million USDT to Gate and withdrawn 61.343 million ASTER. Based on these transactions, the average purchase price is roughly $1.61 per ASTER.
This scale of whale activity indicates that, beyond CZ, other major investors also view ASTER as a promising asset. Large withdrawals from exchanges to private wallets are typically interpreted as a sign of long-term holding intent rather than short-term trading.
05 Market Outlook and Trading Recommendations
For investors tracking ASTER, the current market environment offers multiple signals. CZ’s public accumulation and whale on-chain activity both point to long-term optimism for ASTER.
Technically, the $0.92 area has become a key support, and reclaiming the POC will be a crucial signal for bullish continuation.
If ASTER can maintain support at $0.92 and reclaim the point of control, the likelihood of rotating up to the $0.09 HTF resistance will increase.
However, losing this support would delay the bullish continuation and push ASTER back into a broader consolidation range.
For users considering trading ASTER on the Gate platform, it’s important to monitor several key levels:
- Key support: $0.92 area
- Near-term resistance: Point of Control (POC) area
- Major resistance: $0.09 HTF resistance
- Trading pairs: Both ASTER/USDT spot and perpetual contracts are available on Gate
Outlook
Following CZ’s public confirmation of increased holdings, discussion within the ASTER community has surged. On Gate Plaza, some users suggest that the defense of $0.92 may signal a bottom formation, while others question whether this is "just another fakeout."
On-chain data shows that a whale address continues to withdraw ASTER from exchanges to a private wallet, with the address now holding ASTER valued at around $126 million.
Market attention is focused on the critical $0.92 technical level. Analysts believe that if ASTER successfully reclaims the point of control, it could trigger a "rotation" toward higher resistance zones.
