Az ADA Shortsot felszámolják, mivel 25 nap alatt több mint 10%-kal nőtt

Data released from the blockchain analysis firm Santiment shows that traders that entered into short positions for Cardano (ADA) are currently being liquidated.

Az ADA ára is back above $0.50 at the time of writing. According to CoinMarketCap, the price of ADA is at $0.5191 after a 4.61% increase over the past 24 hours. In addition, data released by Santiment shows that ADA’s price surges more than 25% over the past 10 days.

One key metric that investors and traders need to keep an eye on is the exchange funding rates, as extreme spikes in the shorting and the longing of ADA are typically when traders get liquidated and big price shifts occur.

As shown in the chart above from Santiment, ADA is showing some early indicators that it may surge soon as it is up more than 25% over the past 10 days. Exchange funding rates signal bullish sentiment for ADA for this month, as several short positions have been liquidated.

At the moment, ADA’s price has strengthened against the 2 crypto piac leaders, bitcoin (BTC) and Ethereum (ETH), which have spiked only by 5.38% and 2.88% respectively. ADA’s 24-hour trading volume has also surged as the total volume is approximately $935,275,412 – a 17.04% increase from the past day.

ADA’s market cap now stands at $17.57 billion, which ranks it as the 7th biggest project by market cap. This also ranks ADA above Ripple (XRP) and below Binance USD (BUSD), with their market cap of $17.553 billion and $17.571 billion respectively.

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