ASTER has repeatedly tested the 0.74-0.72 range and is currently in a slight consolidation phase with minor fluctuations. From on-chain data, retail investors have long since taken profits and even added additional chips. Medium-sized whales are also not holding their ground; they quietly withdrew at the 0.74 high point. More importantly, the big whales—those institutional players who accumulated large positions earlier—have now shed 50% of their holdings. What does this distribution rhythm indicate? It suggests a lack of sufficient buying support above and considerable pressure below. In the short term, the range-bound oscillation will continue, and a breakthrough will require new inflows of capital or fundamental catalysts.