Cardano (ADA) experienced a significant 66,530% imbalance in one-hour liquidations, with long positions losing $167,850 compared to just $243 for short positions. This imbalance coincided with ADA's price dropping to $0.35, as trading volume decreased by 22% to $380 million. The volatility in ADA comes as the market anticipates options expirations and a potential 'Santa Rally' during the holiday season, despite the typically thin trading volumes. Cardano remains a key altcoin to watch amid these market dynamics.