Cardano whales [ADA] have accumulated over 120 million units in the past 48 hours, marking one of the most active buying phases this quarter.
This sudden wave of accumulation comes at a time when Cardano's price has remained relatively stable between $0.61 and $0.72, indicating little confidence from major investors.
Despite not witnessing a significant price increase, the rise in whale activity suggests that institutions or high-net-worth investors may be preparing for a medium-term investment strategy.
Therefore, this move has sparked renewed interest in whether accumulation could precede a broader shift in market dynamics.
What supports the whale strategy?
Buying dominance by acquirers has emerged strongly in the futures market, confirming that aggressive buying in the market is driving this trend.
The 90-day CVD indicator remains positive and continues to rise, reflecting ongoing bullish pressure across derivatives.
This trend aligns perfectly with the recent timing of whale accumulation, indicating that these large players are not only buying but also pushing prices in spot and futures markets.
Source: CryptoQuant
The funding rate weighted by OI for ADA has turned positive, registering +0.0109% at the time of this report. This shift reflects a notable change in sentiment, as traders are now willing to pay to hold their positions. Funding rates are a real-time indicator of investor sentiment towards leverage, and this change indicates growing confidence in ADA's price potential.
Are the pessimists feeling the pressure?
Liquidation data shows a sharp rise in short liquidations, totaling $251.21 thousand, compared to just $8.94 thousand in buy liquidations.
This sudden imbalance indicates that many traders betting against ADA were surprised by the recent upward move fueled by whale flows.
As prices rise, stop-loss orders on short positions are likely to trigger successive liquidations, amplifying price movement.
Thus, the data confirms that whale accumulation has not only bolstered sentiment but has also materially impacted the market structure by forcing pessimistic traders to withdraw.
Source: CoinGlass
Can Cardano break free from the wedge pattern?
Cardano's price hovered around $0.7242 at the time of publication, pressing against the upper boundary of a long-term descending wedge pattern.
Despite previous repeated rejections near this trend line, the combination of accumulation, liquidation, and momentum has pushed ADA into a potential breakout zone.
The MACD indicator shows early signs of recovery, and if the price maintains this momentum, the resistance level at $0.8446 may soon come into play.
Nevertheless, the wedge pattern remains in place until a confirmed breakout occurs, so traders should exercise caution.
Source: Trading View
ADA: Will the momentum continue in the future?
The recent accumulation of 120 million tokens for ADA by whales is not an isolated event. It aligns with the buying dominance by acquirers, positive funding rates, and increasing retail confidence.
The significant spike in short liquidations confirms that this accumulation phase is indeed impacting price structure. However, ADA must maintain momentum and surpass the key resistance level to confirm a continuation of the trend.
If accumulation continues and momentum increases, this coordinated activity may pave the way for a stronger and more sustainable rally.
