Cardano Price Faces Pressure as Liquidation Risk Mounts
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最新报道：Cardano (ADA) faces potential liquidation risks as $34 million in long positions could be wiped out if prices drop further, according to Coinglass data. Currently trading around $0.38, ADA has seen a 20% decline over the past month amid broader crypto market weakness. Analysts warn that a break below key support at $0.37 may trigger cascading liquidations, exacerbating downward pressure. The network's development activity remains strong, with recent upgrades like the Valentine hard fork improving interoperability, but market sentiment appears decoupled from fundamentals. Traders are closely watching Bitcoin's price action, as ADA often mirrors BTC's movements during market downturns.
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