#ASTER# Trigger of the short squeeze (Bearish effect)



Overview: A large investor holding a short position with 3x leverage on ASTER suffered an unrealized loss of over $500,000 as the price increased. To avoid forced liquidation at $2.09, he had to increase his margin by $2.3 million (Lookonchain). On September 21, the price of ASTER was $1.78, approaching the liquidation threshold.
Meaning: Rising prices likely forced short sellers to buy back their positions, reinforcing the upward trend. The high open interest of $861 billion across the cryptocurrency market indicates that leveraged positions remain volatile.
ASTER5.79%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)