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Sujit Kumar
Mar 8, 2025
by Sujit Kumar

Cardano Faces Major Liquidations Amid Crypto Market Downturn

Cardano Faces Major Liquidations

Table of contents

  1. Cardano Under Pressure
  2. Investor Reassessment and Outlook
The crypto market is in turmoil after a relatively calm trading session, with total liquidations reaching $495 million in the past 24 hours, according to CoinGlass data. During this period, 130,553 traders were liquidated, with the largest single order valued at $17.15 million on the Bitfinex exchange. The biggest loser in the session accounted for $301.39 million in liquidations, with long positions contributing $186 million and shorts $115 million.

Cardano Under Pressure

Cardano (ADA) emerged as one of the major losers, with its liquidations amounting to $11.85 million. Of that, $8.73 million came from long traders and $3.12 million from shorts, reflecting a significant liquidation imbalance of 94%. Despite previous accumulation pushing ADA’s price near the $1 mark, recent activity has reversed this trend. Currently, ADA is trading at $0.819, down 7.3% in the last 24 hours, while its trading volume has decreased by 11.5% to $2.6 billion.

Investor Reassessment and Outlook

This downturn comes on the heels of the U.S. government finalizing documents for a new crypto reserve, a move that had initially sparked optimism for Cardano. However, the current sell-off, driven by unwinding of leveraged positions, has left traders reassessing their exposure. With ADA now ranking as the ninth-biggest cryptocurrency by market capitalization, trailing behind Dogecoin, continued investor caution seems likely. Market participants are closely monitoring key support levels, with further declines possible if sentiment does not improve.

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Cardano Faces Major Liquidations
Cardano Faces Major Liquidations Amid Crypto Market Downturn
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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