Cardano (ADA) saw a dramatic liquidation imbalance as persistent selling pressure forced leveraged bullish traders out of their positions. The cryptocurrency fell 1.64% over the past 24 hours to around $0.20, catching traders expecting an ADA price recovery off guard. CoinGlass data showed approximately $2.06 million in Cardano positions were liquidated during the 24-hour period. Long positions accounted for roughly $1.89 million of the total, compared with just $174,080 in short liquidations. The difference produced a long-to-short liquidation imbalance of about 1,085%. ADAs decline came… Read more
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