Blockchain explorer data from Santiment has testified to a 240 million allocation from big-time crypto investors, otherwise known as crypto whales, in just 5 days.
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Prominent technical analyst Ali Martinez says this triggered Cardano’s (ADA) 25% price uptick, allowing the Layer-1 chain to edge Monero (XMR) & get back into the TOP 15 by global market capitalization.
It also seems that Cardano’s (ADA) price surge has triggered a cascade of short-position liquidations on Futures markets. Cardano’s kept hands on the local bottom of $0.15 since mid July, but many market observers expect this support cluster to eventually break. But it didn’t.
Cardano’s Open Interest Bursts Out With a Short Squeeze
On the contrary, Cardano entered a price trend reversal to climax at $0.1985, marking an impressive 30-day milestone. If the OG altcoin manages to withstand the bear test at $0.20, the three-month price high might be the next plausible target, leading ADA to $0.28. Going further, crypto bulls would tackle the yearly high of $0.43, hit on January 14, 2026.
During Cardano’s victory lap last week, the altcoin garnered stupendous attention on leveraged markets.
The Futures volume count skyrocketed to $650 million from an initial $150 million, Ali Martinez notes, basing his analysis on Glassnode’s weekly stats. Right now, there’s a heavy load of short position liquidations sitting at $0.1953, potentially wiping around $1.12 million.
For Cardano’s bulls, the biggest safety margin hovers around $0.17. Save that support cluster, and the vertical play begins. The arousal in Open Interest (OI) has shifted the long versus short ratio to a solid 1.07, hinting at trader optimism in terms of another ADA price surge.
Binance carries on leading Cardano’s Futures offerings with $181 million, while their users remain eagerly optimistic, reflective in the 1.6344 long versus short ratio. Right now, $0.20 is the ADA price level market aficionados are watching – as well as upgrades on Cardano’s Midnight.
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