A whale suffered a $530,000 liquidation loss amid ASTER volatility, then opened a new 5x long position

According to Lookonchain monitoring, after Aster announced its tokenomics update, whale address 0x5f91 quickly chased the rally, opening a long position of approximately 5.33 million ASTER (worth about $3.97 million). Subsequently, the ASTER price corrected, and the position was completely liquidated, resulting in a loss of approximately $530,600.However, the address re-entered the market shortly after, re-establishing a 5x leveraged long position of about 3.86 million ASTER (approximately $2.61 million), indicating it continues to bet on a rebound direction amid high market volatility.