ASTER plunges 15% to $0.61 after $4.6 million liquidations

ASTER fell from $0.77 to a low of $0.61 on Aug. 21, a 15% decline, before recovering slightly to around $0.63, down 8.3% on the day. The broader crypto-market retreat followed renewed U.S.-Canada trade tensions, reversing optimism after Trump said the CFTC was working to bring Hyperliquid into U.S. markets. More than $4.6 million in long positions were liquidated, while ASTER's trading volume fell 50%, open interest dropped 18.8% to $309.1 million and derivatives volume declined 47% to $434 million. Perpetuals and futures flows showed aggressive selling, and ASTER's Relative Strength Index fell from 87 to 54. The RSI remains above 50, but a break below that level could expose $0.6 and the $0.59 support; a daily close above $0.65 would challenge the bearish outlook.

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