Aster Crashes 15% Amid Renewed Trade Tensions and Derivatives Selloff

Aster (ASTER) plummeted 15% in value after the broader crypto market retraced, fueled by renewed trade tensions between the US and Canada.

The altcoin's price dropped from $0.77 to a low of $0.61 before slightly recovering, with its trading volume declining by 50% over the same period.

The long liquidations triggered panic exits across the derivatives market, with over $4.6 million in long positions being liquidated, according to Coinglass data.

As a result, Aster's Open Interest dropped by 18.8%, while derivatives volume plummeted by 47%.

The Relative Strength Index (RSI) of Aster has weakened significantly, dropping from 87 to 54, indicating intense selling pressure.