- Cardano whales have aggressively accumulated 120 million ADA, sparking a surge in bullish sentiment, short liquidations, and growing retail confidence.
- This coordinated buying, alongside positive market indicators, could pave the way for a strong and sustained price rally if momentum continues.
Whale Accumulation Sparks Bullish Buzz
In a stunning move over the last 48 hours, Cardano (ADA) whales have scooped up a massive 120 million ADA tokens, igniting fresh optimism across the crypto community. This aggressive buying phase is one of the largest seen this quarter, signaling that high-net-worth investors are quietly positioning themselves for what could be a significant price move.
Interestingly, this accumulation is happening while ADA’s price remains relatively stable between $0.61 and $0.72, suggesting a calm before the storm rather than panic buying. Such whale activity often hints at an institutional or strategic mid-term play that might soon reshape market dynamics.
What’s Driving the Whales’ Confidence?
Several technical signals back the bullish stance these large holders are taking. Notably, Taker Buy Dominance in the Futures market has surged, indicating that aggressive market buyers are leading price trends. Alongside this, the 90-day Cumulative Volume Delta (CVD) remains positive and rising, a clear sign of sustained buying pressure.
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Additionally, the OI-Weighted Funding Rate for ADA recently turned positive (+0.0109%), meaning long traders are willing to pay a premium to maintain their positions. This shift in funding rates reflects growing confidence in ADA’s upside, showing that leverage sentiment is tilting bullish.
Bears Are Feeling the Heat: Liquidations Spike
Short sellers have been caught off guard. Liquidation data reveals a sharp spike in short liquidations, totaling over $251K—far outweighing the $9K in long liquidations. This imbalance suggests many bearish traders were forced to exit their positions as whale buying pushed prices higher.
As the ADA price nudged upward, stop-losses on shorts triggered cascading liquidations, creating a feedback loop that further fueled price momentum. This squeeze adds a powerful layer of market support behind the recent accumulation.
Can ADA Break Out of the Wedge?
Cardano is currently testing the upper boundary of a long-term falling wedge pattern around $0.724. While it has faced previous rejections here, the combination of whale accumulation, liquidations, and positive momentum indicators like the MACD hints at a possible breakout.
If ADA can maintain this momentum, the next resistance level near $0.8446 could be within reach. However, until a confirmed breakout happens, traders should remain cautious and watch for clear trend confirmation.
Is This the Start of a Sustainable Rally?
The recent whale-driven accumulation, alongside positive market indicators and retail interest, suggests that Cardano could be gearing up for a stronger, sustained rally. The surge in short liquidations underscores that this buying pressure is already changing market dynamics.
If this momentum continues, ADA might soon break free from its sideways range and chart a bullish path forward—making it a token to watch closely in the coming weeks.
