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BlockBeats News, on October 16, according to HyperInsight monitoring, the whale address starting with 0x9ee used 3x leverage to short Aster at a high price of $1.5277 at 15:48 yesterday (UTC+8), and quickly established a short position of over 7.4 million Aster in less than an hour. This trade has currently achieved an unrealized profit of $1.76 million, with a return rate of over 50%. In addition, the total position of this address is about $98 million, with a profit of $28.44 million in the past week, and it still has an unrealized profit of over $4.6 million. Its main short positions are distributed as follows: DOGE $30.62 million, ETH $24.11 million, and kPEPE $18 million. It is worth noting that Aster has experienced a cliff-like decline since 16:30 yesterday (UTC+8), once falling below the $1.3 mark this morning, with a maximum drop of over 10%, followed by slight support. As of now, Aster is quoted at about $1.31.

BlockBeats News, on October 16, Arete Capital partner McKenna stated that the market is currently in the process of forming a bottom, and it will take 40-60 days to establish (the bottom). All price actions within this interval are considered consolidation and shakeout. "By mid-November, we should start to expect constructive results, and look forward to a positive December and the first quarter of 2026."