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    Home » Cardano under Pressure as Large Investors Reduce Holdings and Pessimistic Sentiment Increases
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    Cardano under Pressure as Large Investors Reduce Holdings and Pessimistic Sentiment Increases

    By adminFeb. 5, 2025No Comments1 Min Read
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    Cardano under Pressure as Large Investors Reduce Holdings and Pessimistic Sentiment Increases
    Cardano under Pressure as Large Investors Reduce Holdings and Pessimistic Sentiment Increases
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    Cardano’s largest investors, commonly known as ADA whales, have been reducing their trading activity, signaling a change in sentiment towards the altcoin.

    In the past week, data from IntoTheBlock has revealed a significant 90% decrease in the netflow of ADA from these major holders. This decline suggests that these large investors are either selling off their holdings or abstaining from adding more to their positions.

    The decrease in whale activity may raise concerns for ADA, as it could result in reduced liquidity and increased price volatility. With these influential players pulling back, the buying pressure is diminished, potentially leading to a further decline in the coin’s value. This shift in behavior aligns with a growing bearish outlook on ADA.

    Adding to the negative sentiment is the rising demand for short positions in ADA’s futures market, as indicated by its negative funding rate of -0.005%. A negative funding rate signifies that more traders are betting against the asset, further indicating a lack of confidence in ADA’s short-term performance. As market sentiment continues to deteriorate and whale activity remains subdued, ADA faces the risk of sustained downward pressure unless new buying momentum emerges.

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