Cardano (ADA) spot volume has plummeted by 95% since early January!
While retail investors seem to be stepping away, something interesting is happening behind the scenes: Whales are on a massive buying spree.
Key takeaways:
Whale Accumulation: Large wallet addresses added over 1 billion ADA (worth ~$350M+) during this price correction.
Short Squeeze Trap: Short positions in the derivatives market are heavily overcrowded. If ADA hits the $0.37 - $0.39 range, a short liquidation cascade could trigger a sudden price spike.$ADA
Crucial Support: Watch the $0.34 level closely. As long as it holds, ADA still has a chance to rebound.
Bottom line: Retail is exiting out of fear, but Whales are casting their nets. Are we looking at a potential Short Squeeze soon? 🐋🚀
#ADA #Write2Earn #Cardano #whalealerts #CryptoAnalysis" s #Altcoin #TradingTips