Cardano whales sold 90 million ADA since September 20
- —Whales sold about 90 million ADA worth $22.5 million since September 20
- —ADA futures open interest dropped 9% in a week to $1.81 billion
- —TD Sequential flashed a sell signal on the daily chart on September 26
- —ADA has fallen 10% since then; it closed lower in six of the past nine Octobers
Why it matters: Whale selling and shrinking open interest raise the risk of a deeper ADA correction, especially given the token's weak October seasonality.
Source: TokenPost