We are starting this Aster journey now.
On Saturday morning, that wave of altcoin pumping followed by crashing is likely the work of certain leading market makers or institutions—holding significant altcoin positions, they took advantage of retail investors' FOMO, reversing to draw liquidity out, crashing it cleanly and decisively.
I've been watching that Trump coin, pushing up like a bulldozer, exaggerated.
I took a position and lost; I didn’t open again as my position was wrong.
I feel that there won’t be another spike to that height for a while; the most we might see is a small dip on the short side. Keep an eye on the strong liquidation orders from big whales; it seems playing in the opposite direction of them might work recently.
What I am seeing now is the situation with US Treasuries; both BTC and gold are rising, but honestly chasing long positions now feels a bit risky.
Moreover, over the weekend, I found many KOLs around me just starting to break even—altcoins have been harvested down to their underwear, and they have been trapped for more than six months.
Buying in at 80k and getting down to 50k, the average is around 68k; now many who were previously resting have also returned.
I feel these people might have to be punished one more time. Those holding high or low positions can hang on for now.
From a time perspective, it looks like a rebound in a bear market cycle, but various indicators resemble the start of a bull market.
No matter how you look at it, around 60k is the bottom range now. Since we have clarified the bottom range, we need to think about how to capture the impending major upward wave; that’s the key.
From a liquidity perspective, the short liquidity above has been largely cleared, but that doesn’t mean there’s no room for upward movement. Longs are starting to crowd in, and 80k is where most people will get trapped, likely resulting in repeated fluctuations.
The probable path will be to first consume the 80-90k liquidity, then push down to the 60-70k liquidity—both places are quite juicy and will 100% be consumed; it’s just about which one gets eaten first.
So our opportunity lies in waiting for them to push back down to the 60-70k range to build positions; there will definitely be that window.
Recently, the financial actions of Basante, the passing of the bill on September 15, the speech from Walsh, the big model launch in October, and the mid-term elections in November... these are all events that can greatly increase volatility.
If there are friends still holding cash, there are many opportunities; there’s no need to feel anxious.
On the precious metals side, I wonder if everyone has any gold positions.
Besides Ray Dalio, the founder of Bridgewater, Goldman Sachs is also bullish on gold—internal research reports indicate that major buyers, including the Chinese government, are accelerating their gold accumulation, with the actual amount being 4 to 5 times what is officially disclosed.
China bought over 40 tons of gold through the London over-the-counter market in June, marking the second-largest monthly purchase since early 2025.
Recently, the most concerning signal in the market is:
Consumption is weakening, while gold, bitcoin, copper, and shipping are strengthening.
If it’s merely economic recovery, this picture seems incorrect.
US retail is cooling down; even giants like Walmart are reminding the market that consumers are not as strong as imagined. Chinese consumption is likewise weak.
Yet assets like gold, BTC, and copper are continuously pushing up. As of now, China has added 60 tons to its gold reserves, reaching a record total of 2366 tons.
In just May and June, China bought around 88 tons of gold through the over-the-counter market, more than the total amount reported for the entire year so far.
What positions do you all still have?
I’ve mentioned HYPE a lot recently, and it’s quite hot now, as is LIT.
If your position is in the middle, look for opportunities to profit, consider changing positions to re-enter.
If 7.8 is a long-term position, and the multiple is not high, you can gradually accumulate. Big Yellow should be able to push up to 5000; many large institutions and organizations are currently calling to get in.
If you’re worried, you can also take some profits after doubling up and leave a lottery position for a long-term hold.
Today, I will share with you some data content from Aster users.
Recently launched new coins also have points, with a 1.2x bonus; those who want to grab airdrops can participate.
Next, we will continue to share how Aster can earn points—
This is the process of turning $ASTER from a "token" into a "money printer."
Seasonal points = trading volume × 1.2x bonus (for new coins only).
Any transaction can automatically enjoy a 1.2x weight! Combined with low fee policies, you can almost earn 20% more new season points at zero cost compared to usual.
If you play alts, you might want to check out SCRT; it feels like it can swing.
Recently there has been communication in the community mentioning that we should open the official website.
https://www.asterdex.com/zh-CN/referral/9C50e2
Select the right side, link your wallet, and switch to Chinese.
Once successful, click on “Token” on the left, select “Newly Listed”—these are the tokens and US stock-related subjects that have been recently launched.
However, this week the performance of US stocks has been average; currently, funds are all positioned in the major market and altcoins.
Today, I just saw Alibaba took a dive.
Let me introduce ASTER to new friends—Newbie Benefits: Aster Registration Tutorial + Exclusive Zero-Fee Surprise Benefits.
Aster (short for Aster DEX) is a multi-chain decentralized perpetual contract exchange that supports high-leverage trading, cross-chain operations, and a low-fee structure.
The sideways period is a good time to explore crypto derivatives; this tutorial guides you through registering for Aster, introduces its core advantages, and discusses promotions with zero or low fees (Aster emphasizes low trading fees, with pure zero-fee activities achieved through rewards).
Note: Cryptographic investment carries risks; participate rationally.
Step One: Registration Tutorial (Connect Wallet and Get Started)
Aster DEX does not require traditional registration; you can get started in a few minutes just by connecting your wallet.
Prepare Wallet: Have MetaMask, WalletConnect, or similar multi-chain supported wallets ready.
Add supported networks by Aster (like BNB Chain, Ethereum, etc.).
Visit Aster Platform: Open your browser and go to the official website:
https://www.asterdex.com/zh-CN/referral/9C50e2
Click “Connect Wallet,” choose your wallet, and grant authorization.
Complete Setup: After the first connection, deposit funds (like USDT) transferred from a centralized exchange.
Explore the Dashboard: Check your balance and choose your trading mode (Spot or Perps).
Beginner Test: Try a small transfer to test the connection. New users are advised to start with low leverage to get familiar with the interface.
Low Fee Example: Perpetual contract rates are low, combined with the funding fee mechanism to minimize actual costs.
Participation Method:
After connecting, check the “Promotions” tab.
Complete tasks (such as your first trade).
Receive: Wait for the system to automatically refund fees or rewards.
This is the Aster onboarding tutorial for new friends; I hope you have fun, and don’t get too carried away.
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