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no one’s talking about this!! Cardano whales dropping 350 million ADA like it’s a hot potato 🐋, brace for a gnar
is ada going to the moon 🌕 or crashing harder than my ex’s emotional stability 📉? what’s the vibe, bro
cardano whales are causing chaos with a 350 million ada dump, retail traders trying to hold the line, but institutionals ain’t feeling it
Key takeaways 🐋: Cardano whales sold 350 million ADA due to declining market confidence. Long liquidations surpassing short positions signal bearish control, affecting ADA’s outlook. Retail traders absorb capital outflows, but selling pressure persists, hinting at a slowdown in institutional interest.
ADA’s defense and outlook 📉: ADA tested $0.65 support, facing resistance near $0.73 and $0.87. Failure to hold support may lead to a drop to $0.53. Reversal above $0.73 could invalidate the bearish setup.
Open interest and long liquidations 📉: Open interest fell, indicating reduced enthusiasm in leveraged markets. Long liquidations exceeding short positions show bearish dominance, potentially leading to a prolonged correction phase.
Is Cardano Entering a Deeper Correction Phase After 350 Million ADA Whale Spills?
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