$ADA 💥【Is the ADA storm coming? Whales cash out $170 million, Hoskinson shocks with Bitcoin treasury plan!】

In the past week, whales have sold off 270 million ADA, dumping over $170 million worth of chips, with the price plunging from $0.71 to $0.623, currently reported at $0.636, a drop of over 10%! Technical risks are escalating, hovering on the edge of a head and shoulders pattern, and if it falls, it could directly head for the critical support at $0.50⚠️!

Even more explosive: ADA founder Hoskinson has put forward a significant proposal💣—to convert $100 million worth of ADA into BTC + stablecoins, claiming it will boost DeFi liquidity and enhance ecological competitiveness! Supporters are optimistic about the ecological upgrade, but the opposing voices are equally strong, fearing that this move will intensify the selling wave and trigger a secondary drop.

Geopolitical tensions continue to ferment, with turmoil in the Middle East increasing market risk aversion. Can the on-chain OTC institutional demand catch the selling pressure?📉