Cardano retreats to $0.22 after spike to $0.235: longs lose $811,000
- —The Cardano Foundation launched the Leios public testnet with a target throughput of 100–1,000 TPS
- —ADA reached $0.2350, then fell to $0.2199 (-3.5% over 24 hours)
- —$899,000 was liquidated in 24 hours: $811,000 in longs versus $88,000 in shorts
- —ADA open interest is $506.5 million, with the long/short ratio on Binance at 2.01
Why it matters: Holding the $0.2150–0.2220 zone will preserve bullish momentum, while losing $0.2130 opens the way to $0.195.
Source: Live Bitcoin News