Aster News: Shield Mode Launch Releases Positive Signals, Selling Pressure Remains, and Bearish Sentiment Still Dominates

Aster DEX has been continuously advancing product upgrades since its launch nearly two months ago, attempting to establish a differentiated advantage in the perpetual contract sector. On December 15, Aster DEX officially launched the new Shield mode, which is its most significant feature update recently and is regarded as an early implementation of the Aster Chain privacy and high-performance trading system.

According to official information, the Shield mode mainly targets high-leverage perpetual contract traders, supporting up to 1001x leverage, and offers features such as instant execution, zero slippage, and zero Gas fees. This mode adopts a non-order book structure, supporting one-click long or short positions, with trading instructions not entering the traditional matching system, thereby reducing slippage and execution delay. The overall interaction design leans towards simplicity and high-frequency trading scenarios, aiming to improve capital utilization efficiency and trading experience.

Despite positive signals from the product side, market sentiment has not warmed up accordingly. On-chain data shows that the ASTER token still faces significant selling pressure. Lookonchain revealed that a long-term “buy low, sell high” Aster whale sold 1,344 million ASTER tokens after holding for only six days, at an approximate value of $11.67 million, incurring a loss compared to the previous purchase cost of $13.04 million. The total loss for this address has exceeded $35.8 million, reflecting a lack of confidence in the short-term trend.

From the overall market structure, sellers still dominate. Coinalyze data indicates that ASTER has experienced three consecutive days of declining trading volume on both buy and sell sides, but the sell volume remains significantly higher than the buy volume. Over three days, approximately 151 million tokens were sold, while about 124 million were bought, with a negative buy-sell difference, indicating persistent spot selling pressure. This structure generally suggests that prices may continue to face downward pressure.

Regarding price movement, ASTER has been declining since its previous high of $1.50, remaining within a downward channel, with a low of $0.76. Currently, the price is around $0.815, down more than 10% intraday. Technical indicators show that RSI has fallen to 33, approaching the oversold zone, and MACD is also in a clear negative region, indicating a short-term bearish trend.

Overall, the launch of Shield mode helps enhance Aster DEX’s long-term product competitiveness, but given that market confidence has yet to recover and selling pressure remains strong, ASTER’s short-term trend still faces challenges. Whether the price can stabilize in the future depends on capital inflows and changes in overall crypto market sentiment.