Cardano Whales Trim Positions – 4M ADA Sold in 7 Days

Cardano has entered a difficult phase as selling pressure intensifies across the crypto ￰0￱ price of ADA has fallen below the $0.60 level, a critical threshold that previously acted as both support and a psychological anchor for ￰1￱ this breakdown, bullish momentum has faded, and the asset now faces mounting resistance amid a broader market downturn dominated by caution and ￰2￱ Reading: Bitcoin OI Suffers Deepest Drop Of The Cycle: $10B Leverage Wipeout Leaves Traders Cautious Market sentiment toward Cardano has turned notably bearish, reflecting growing uncertainty about short-term price stability. However, several analysts view the current decline as part of a natural market reset, potentially setting the stage for a healthier recovery once selling pressure ￰3￱ to recent on-chain data, whales — large holders responsible for significant portions of ADA’s supply — have been offloading millions of tokens in recent ￰4￱ selling activity has contributed to the latest drop, underscoring how institutional and large investor behavior continues to shape price ￰5￱ Offload 4 ADA, Raising Fears of Panic Selling According to Santiment data, Cardano whales have offloaded more than 4 million ADA over the past week, signaling rising uncertainty among large ￰6￱ wave of selling has added to the broader weakness seen across the market, as investors react to increasing volatility and fading confidence following Bitcoin’s recent dip below $100K.

Analysts warn that such whale activity often triggers short-term panic selling, as retail traders interpret these moves as a sign of deeper distribution or loss of conviction from major ￰7￱ the scale of the selloff remains moderate relative to Cardano’s overall supply, it has nevertheless amplified bearish sentiment around ADA’s short-term ￰8￱ the market to stabilize, much now depends on Bitcoin maintaining its current demand zone and Ethereum reclaiming higher levels above $3,400. Both assets continue to serve as the key drivers of broader crypto market sentiment and liquidity ￰9￱ BTC can hold above $100K and ETH resumes its uptrend, confidence could quickly return to altcoins like ￰10￱ Reading: Ethereum Whales Accumulate Aggressively: 394K ETH Worth $1.37B In Just 3 Days ADA Struggles Below $0.60 as Selling Pressure Persists Cardano’s (ADA) price remains under significant selling pressure, currently trading around $0.54 after losing the critical $0.60 support level earlier this ￰11￱ daily chart shows ADA struggling to gain traction above its 50-day, 100-day, and 200-day moving averages, which now act as layered resistance between $0.70 and $0.75 — levels that must be reclaimed to shift momentum back in favor of the ￰12￱ price action reflects clear bearish control, with lower highs and lower lows forming since late ￰13￱ sharp rejection from $0.70 and subsequent decline below the 200-day moving average confirm that short-term traders remain hesitant to buy dips.

However, the presence of a local demand zone around $0.50–$0.52 could provide temporary relief, as historical data shows this region acting as a strong accumulation area in prior market ￰14￱ Reading: ‘Bitcoin $100K Break Was Emotional’ – On-Chain Data Shows No Structural Damage Volume spikes suggest active selling, likely driven by whale offloading identified by on-chain ￰15￱ a reversal, ADA would need to sustain a daily close above $0.60, supported by an increase in volume and a broader recovery across BTC and ￰16￱ then, the outlook remains cautious, with risks of further downside if macro sentiment fails to ￰17￱ image from ChatGPT, chart from ￰18￱