$500K ADA shorts liquidated as whales accumulate near $0.25

Cardano shorts got squeezed. Over $500,000 in short positions were liquidated as ADA hovered near $0.25.

Exchange outflows topped inflows. Large holders kept buying. Wallets with 10M+ ADA hit a four‑month high despite the dip.

- $637,500 in ADA positions liquidated in 24h
- ~80% were shorts
- Longs lost ~$135,200

One trader called ADA a “powder keg.” He shared a chart and a $1.20 target by week’s end via Mintern from Minswap DEX. Source: Mintern on X.

The technical setup spans years. Price has moved inside a horizontal channel since early 2022, roughly $0.23–$1.18, per the same chart. A descending trendline from August 2025 meets the channel floor now. That compression often precedes a break. Chart: Mintern. Concept: Investopedia on descending triangles.

The call is bold. $1.20 implies ~380% from ~$0.25 in under 48 hours. The trader remains unnamed, as noted in the post. Original post.

Headline
Cardano shorts lose $500K in 24h as ADA sits at $0.25; whales accumulate; anonymous $1.20 call