Key Takeaways:
- Cardano whales accumulated 370 million ADA since June 15 as the token fell to $0.160
- Derivatives data shows a split market with long-to-short ratio at 0.65
- ADA faces key support at $0.148 after losing the $0.1903 resistance level
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Cardano whales accumulate 370M ADA as futures interest climbs near lows
Cardano fell 11 percent over the past week to $0.160 as whale wallets accumulated 370 million tokens near multi-month lows.
On-chain data from Santiment shows wallets holding between 10 million and 100 million ADA added approximately 370 million tokens since June 15, the analytics provider reported. The buying comes as the token trades at its lowest levels in months after a failed recovery attempt near $0.1903, where the exponential moving average once again capped upside.
The accumulation contrasts with selling among mid-tier holders. Wallets with 100,000 to 10 million ADA reduced positions by a combined 10 million tokens over the same period, Santiment data shows. Derivatives data from CoinGlass reveals a long-to-short ratio of 0.65, near its lowest level in a month, indicating more traders are positioned for further downside. The open interest-weighted funding rate, however, turned slightly positive at 0.0050 percent, suggesting long positions are beginning to pay shorts — a signal often associated with mild bullish bias. On Coinalyze, long positions account for 75 percent of total market exposure.
ADA now trades below its 50-day ($0.204), 100-day ($0.236) and 200-day ($0.311) exponential moving averages, with the Relative Strength Index at 41 — indicating weak bearish momentum without reaching deeply oversold conditions. The token faces immediate resistance at $0.181, with a stronger barrier at the $0.202 to $0.204 zone where the 50-day EMA converges. Further resistance sits in the $0.230 to $0.240 range. On the downside, $0.148 serves as the primary structural floor; a breakdown below that level could open the door to deeper losses if selling pressure accelerates.
CME Group's planned launch of Cardano futures on Feb. 9 adds a structural catalyst that could increase institutional participation and liquidity in the token. The near-term direction, however, remains tied to whether spot buyers can absorb selling pressure at current levels and push ADA back above its key moving averages. The divergence between whale accumulation and bearish price action leaves Cardano at a crossroads, with the next several trading sessions likely to determine whether the $0.148 support holds or gives way.
This article is for informational purposes only and does not constitute investment advice.
[1] Cardano Whales Intensify Accumulation Near Multi-Month Lows as Futures Interest Grows[2] Cardano’s multi-month slump sparks whale activity – ADA’s recovery coming?[3] Cardano slides 11% but whales load up 370M ADA in dip-buying spree[4] CME Group to launch Cardano, Chainlink, and Stellar futures on February 9[5] Cardano vs Ethereum Price Forecast — Which Layer-1 Reaches $5 First as ETF Interest Spikes?
