Cardano (ADA) is experiencing a substantial long liquidation imbalance as the cryptocurrency market faces a downturn. In the past 24 hours, 93% of the $1.24 million liquidated positions were leveraged longs, contributing to a long-to-short liquidation imbalance of 1,303%. ADA's price has dropped to $0.38, marking a 1.91% decline in 24 hours and an 18% decrease over the past week.
Despite the current market challenges, Cardano's 2026 roadmap outlines a $70 million treasury plan focusing on stablecoins, custody solutions, and cross-chain bridges. ADA continues to be a focal point for investors, remaining on many altcoins to watch lists amid the ongoing sell-off.
Cardano Faces Significant Long Liquidation Imbalance Amid Downtrend
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