Cardano Whales Sell 350M ADA as Open Interest Falls and Long Liquidations Rise; ADA Could Face Further Downside

By COINOTAG — Published: 2025-10-16 | Updated: 2025-10-16

• Whales offload ~350 million ADA, increasing near-term downside risk.

• Open Interest fell 2.12% to $669.89M, pointing to reduced leveraged interest.

• Long liquidations totaled $1.13M versus $187k in shorts — a clear bearish imbalance.

Cardano whales selling 350 million ADA — latest on ADA weakness, liquidations, and support levels; read analysis and next steps for traders. (COINOTAG)

What is driving Cardano whales to sell 350 million ADA?

Cardano whales selling 350 million ADA appears driven by deteriorating market confidence and a decline in momentum across futures markets. Large holders have reduced positions to secure gains and limit exposure, while shrinking Open Interest and concentrated long liquidations reinforce a short-term bearish outlook.

How are liquidations and Open Interest affecting ADA’s outlook?

Long liquidations erased approximately $1.13 million in positions, compared with about $187,000 in short liquidations, indicating that bulls bore the brunt of forced exits. Open Interest contracted by 2.12% to $669.89 million, a signal traders are trimming leverage. Together, these metrics suggest sellers currently control price action and liquidity is tightening.

Cardano defends key support as bears test the descending channel

At press time, ADA traded near $0.67 after probing the lower boundary of its descending channel around $0.65. Historically, that zone has offered short-term rebounds, but active sellers are capping advances at resistance near $0.73 and $0.87. Failure to hold $0.65–$0.67 risks a slide toward the next major support at $0.53.

Source: TradingView

Open Interest falls as traders retreat from risk exposure

Open Interest for Cardano futures dropped to $669.89 million, a 2.12% decline from the prior session. This reduction often precedes consolidation, as participants reduce leverage ahead of expected low volatility periods. The fall parallels the reported whale distribution and supports the view that both retail and institutional players are moving to defensive positions.

Source: Coinglass

Long liquidations expose bearish control across exchanges

Across major venues, long liquidations dominated recent activity: roughly $1.13 million in longs closed out versus $187,000 in shorts. Bybit and Binance recorded the largest forced exits. This imbalance aligns with declining Open Interest and confirms sellers have achieved a market reset favoring downside momentum.

Source: Coinglass

Can ADA recover after whales and longs capitulate?

Cardano’s near-term outlook is cautious. The concentration of whale selling, falling Open Interest, and dominant long liquidations argues for continued downside pressure unless accumulation intensifies. A decisive reclaim of the $0.73 resistance, backed by expanding bullish volume, would be needed to shift the bias toward recovery.

Frequently Asked Questions

How much ADA did whales sell this week and why does it matter?

Whales sold about 350 million ADA over the past week, a substantial distribution that reduces large-holder liquidity and can amplify downward price moves. Large-scale selling often precedes periods of consolidation and increases the risk of further depreciation if demand does not absorb the supply.

Will ADA bounce from $0.65 support?

It can, but buyers must step in decisively. Historically, the $0.65 area has triggered short-term rebounds. If market participants defend that level and Open Interest stabilizes, a recovery toward $0.73 becomes plausible; otherwise, the next key support is near $0.53.

Key Takeaways

• Whale distribution: Roughly 350 million ADA sold, reducing large-holder exposure and pressuring price.
• Futures metrics: Open Interest fell 2.12% to $669.89M while longs faced $1.13M in liquidations, signaling bearish dominance.
• Near-term action: Buyers need to defend $0.65–$0.67 and reclaim $0.73 with volume to reverse the current bearish bias.

Conclusion

Cardano’s recent sell-off by whales, coupled with significant long liquidations and a drop in Open Interest, indicates a prevailing short-term bearish bias. Traders should watch the $0.65–$0.73 range closely; a sustained reclaim of $0.73 would be required for a meaningful trend change. COINOTAG will continue monitoring on-chain and derivatives data (TradingView, Coinglass) for updates and further analysis.