CZ’s Backing Fails to Stop ASTER’s Slide - Here Are 3 Key Reasons Why
ASTER token continues its downward spiral despite heavyweight support from Binance founder Changpeng Zhao. The market isn't buying the hype - and here's why.
Market Overload Meets Reality Check
Another day, another altcoin bleeding out while Bitcoin holds strong. ASTER joins the growing graveyard of tokens that couldn't sustain momentum even with celebrity backing.
Technical Breakdown Accelerates
Support levels shattered like cheap glass as selling pressure overwhelmed buy walls. The charts don't lie - this isn't a dip, it's a trend reversal.
Sentiment Shift Crushes Momentum
Remember when every crypto influencer was shouting 'buy the dip'? Now they're quietly rotating into blue chips while retail gets left holding the bag. Classic Wall Street tactics, just with more blockchain buzzwords.
Sometimes even CZ's magic touch can't fight market gravity. But hey - at least the transaction fees are lower now.
Powell shares his concern while strategists push back
The Federal Reserve is aware of the heat. Speaking last week, Chair Jerome Powell said markets look “fairly highly valued.” That drew comparisons to Alan Greenspan’s 1996 “irrational exuberance” speech, delivered more than three years before the bubble burst. Despite Powell’s caution, most strategists aren’t seeing this as a bubble.
Sonali Basak, chief investment strategist at iCapital, said in a LinkedIn post Friday that investors shouldn’t try to time the top. She quoted Barry Ritholtz, chief investment officer at Ritholtz Wealth Management, who warned: “If you’re an investor trying to guess where the top is, your odds are very much against you.” He reminded readers that after Greenspan’s warning, the Nasdaq rallied fivefold before crashing.
The idea that the stock market is overvalued has been around for years. But strategists are looking at earnings and seeing something different this time. Ed Yardeni, a veteran market analyst, noted in a Tuesday memo that while the S&P 500’s forward price-to-earnings ratio is now 22.8, it still trails the 25.0 high just before the 1999 meltdown.
Yardeni also pointed to a key difference: during the original dot-com surge, tech and communication services stocks made up 40% of the S&P 500’s value but contributed just 23% of earnings. Today, they represent 44% of the index’s value and bring in 37% of earnings. That gap has narrowed, and to some, that makes today’s valuations more defensible.
Goldman warns of melt-up risk heading into year-end
Gene Goldman, chief investment officer at Cetera Financial Group, said in an interview that 2025 has been a big year, but that doesn’t mean a crash is coming. “We do see some type of market pullback. … Maybe 3%, maybe 5%,” he told Yahoo Finance. But he quickly added that these dips could be buy-the-dip opportunities. He doesn’t expect a bear market unless a recession shows up, and right now, the economy looks too strong for that.
Goldman cited strong GDP growth, resilient consumer spending, and large amounts of cash sitting idle as reasons stocks still have room to climb. The bigger risk, in his view, isn’t collapse, it’s the possibility of a melt-up, a surge caused by fear of missing out. “We do risk a melt-up where everyone jumps in and buys aggressively,” Goldman said.
With earnings forecasts for 2026 looking solid and more rate cuts from the Fed expected, the stock market could stay expensive for a while. But if this is the new normal, strategists want investors to stop comparing it to the past and start understanding what’s really driving today’s valuations.
Sign up to Bybit and start trading with $30,050 in welcome gifts
