Cardano Longs Hit as Liquidation Imbalance Reaches 5,747%
- —ADA liquidations totaled $4.27 million, with longs at $4.2 million and shorts at $73,080
- —The long-to-short liquidation imbalance reached 5,747%
- —ADA dropped 1.33% over 24 hours to $0.224, hitting a low of $0.216
- —Roughly $913 million in futures positions were liquidated across crypto in 24 hours
Why it matters: The lopsided liquidation data shows ADA's rally was leveraged, raising the risk of further downside if macro pressure persists.
Source: Cryptonews.net