Trader Closes Long-Term ASTER Position with Significant Profit

A trader known as 'neoyokio.eth' has closed a long-term leveraged position on ASTER, marking the end of a 127-day holding period with a profit of approximately $1.04 million. According to BlockBeats On-chain Detection, this trader was previously the largest ASTER bull on the Hyperliquid platform, holding a position of 16.5 million ASTER. The initial position was established on January 28 at a price of $0.69 per ASTER. Despite a significant market downturn, the trader increased their position near $0.56. By February 11, as ASTER's price rose above $0.7, the trader continued to buy, reducing the average holding cost to $0.636. As the market improved, the position's value increased, with unrealized gains reaching up to $3 million. In March, ASTER's price approached $0.8, but it failed to break this level in subsequent months, even as the broader market hit new highs. ASTER would need to rise 268% to reach its previous peak. Today, amid a broader market correction, the trader decided to exit the position as profits narrowed. They have since placed buy orders for Bitcoin in the $54,000 to $55,000 range, planning to re-enter the market at lower levels.