Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Cardano – Understanding why ADA’s whales aren’t ‘buying the dip’
ALTCOIN NEWS

Cardano – Understanding why ADA’s whales aren’t ‘buying the dip’

By Crypto FlexsApril 6, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano – Understanding why ADA’s whales aren’t ‘buying the dip’
Share
Facebook Twitter LinkedIn Pinterest Email
  • ADA fell nearly 21% on a month-to-month basis.
  • The population of whales holding more than 1,000 ADA coins has decreased significantly.

Cardano (ADA)’s price action has been disappointing in recent weeks, causing serious concern among holders of the coin. In fact, the ninth-largest cryptocurrency is down 11% for the week and nearly 21% for the month, according to CoinMarketCap. This makes ADA one of the worst performers in the market.

Typically, these correction periods are utilized by a group of seasoned users to accumulate at a low price. But that wasn’t the case with the ADA.

Whales don’t care about ADA

Over the past 2-3 weeks, whale interest in the coin has decreased significantly. This is evidenced by the lack of trading above $1,000, as observed by AMBCrypto using data from Santiment. Moreover, the population holding 10 to 1 million coins has decreased significantly during the aforementioned period. This is a sign that the whale is unloading.

Cardano Whale Activity

Source: Santiment

Popular technical analyst Ali Martinez interpreted this observation as a bearish signal. He predicted this could lead to price stagnation or, worse, further declines.

The bearish sentiment among whales was also reflected in ADA’s derivatives market. According to AMBCrypto’s analysis of Hyblock Capital data, the total number of whale positions on Binance bought for ADA has decreased from 76% in mid-March to 67% at the time of this writing.

In fact, according to the Whale v. Retail Delta metric, retail investors held more long positions than whales.

ADA Whales in the Derivatives MarketADA Whales in the Derivatives Market

Source: Hiblock Capital

Whales’ willingness to engage with the ADA highlighted low confidence in the likelihood of a recovery, a sentiment that could have implications for broader markets.


Read ADA’s 2024-25 Price Forecast


ADA gets another shock

The latest blow to the struggling altcoin came when Grayscale, the world’s largest digital asset manager, excluded it from its flagship Grayscale Digital Large Cap Fund (GDLC).

Being excluded from funds that hold stocks that reflect the value of a large basket of digital cryptocurrencies could mean ADA’s reputation in the market is weakening.

ADA was trading at $0.58 at press time and was unchanged over the past 24 hours.

Next: Ethereum: Here’s how the market is buying and selling ETH in Q1.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

Unleash the Power of Neutrons: Your Secret Weapon in Energy Production – The Defi Info

February 8, 2024

Altcoin/BTC Spot Market is dying

March 5, 2025

BlockDAG’s CoinMarketCap listing drives $37.8M+ in presales; Uniswap and Fantom Cryptocurrency Price Predictions

June 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.