ADA Holds $0.27 As Hoskinson’s $3B Loss Highlights Cycle Stress
The post ADA Holds $0.27 As Hoskinson’s $3B Loss Highlights Cycle Stress appeared on BitcoinEthereumNews.com.
Cardano falls 0.11% to $0.2696 as open interest drops 3.02% to $421 million and volume collapses 29.83% amid post-crash consolidation. Charles Hoskinson reveals over $3 billion in unrealized losses during the downturn, emphasizing long-term commitment to building decentralized systems over short-term price movements. Recovery requires reclaiming $0.3076, while a close below $0.26 opens downside toward the $0.23 crash low. Cardano price today trades near $0.2696 after consolidating gains from the bounce off $0.23 crash lows. The token has fallen 73% from its August highs above $1.00, but founder Charles Hoskinson’s revelation of $3 billion in personal unrealized losses underscores that even insiders are feeling the pain of this bear market. Hoskinson Reveals $3 Billion Unrealized Loss Cardano founder Charles Hoskinson disclosed over $3 billion in unrealized losses during a live broadcast from Tokyo, offering a rare look at his personal exposure during the market downturn. The revelation counters claims that crypto founders are insulated from losses affecting retail investors. Hoskinson emphasized that he could have cashed out but chose to remain committed to building the ecosystem. He framed the downturn as a transition period as financial systems adjust to new technology rather than a breaking point. The founder pointed to Cardano-based projects including Starstream and Midnight as examples of long-term development focused on data integrity and privacy applications. He stated he has no plans to exit his positions and views the selloff as part of a longer cycle. Derivatives Data Shows Deleveraging Complete ADA Derivatives Data (Source: Coinglass) Open interest dropped 3.02% to $421.32 million while volume collapsed 29.83% to $824.89 million. Options volume cratered 92.94% to just $6.59K, reflecting exhausted trading activity following the volatility spike. The long/short ratio sits at 1.03, nearly balanced after the crash cleared leveraged longs. On Binance, top traders maintain a 2.29 ratio by…
Filed under: News - @ February 9, 2026 12:30 pm
ADA Holds $0.27 As Hoskinson’s $3B Loss Highlights Cycle Stress
The post ADA Holds $0.27 As Hoskinson’s $3B Loss Highlights Cycle Stress appeared on BitcoinEthereumNews.com.
Cardano falls 0.11% to $0.2696 as open interest drops 3.02% to $421 million and volume collapses 29.83% amid post-crash consolidation. Charles Hoskinson reveals over $3 billion in unrealized losses during the downturn, emphasizing long-term commitment to building decentralized systems over short-term price movements. Recovery requires reclaiming $0.3076, while a close below $0.26 opens downside toward the $0.23 crash low. Cardano price today trades near $0.2696 after consolidating gains from the bounce off $0.23 crash lows. The token has fallen 73% from its August highs above $1.00, but founder Charles Hoskinson’s revelation of $3 billion in personal unrealized losses underscores that even insiders are feeling the pain of this bear market. Hoskinson Reveals $3 Billion Unrealized Loss Cardano founder Charles Hoskinson disclosed over $3 billion in unrealized losses during a live broadcast from Tokyo, offering a rare look at his personal exposure during the market downturn. The revelation counters claims that crypto founders are insulated from losses affecting retail investors. Hoskinson emphasized that he could have cashed out but chose to remain committed to building the ecosystem. He framed the downturn as a transition period as financial systems adjust to new technology rather than a breaking point. The founder pointed to Cardano-based projects including Starstream and Midnight as examples of long-term development focused on data integrity and privacy applications. He stated he has no plans to exit his positions and views the selloff as part of a longer cycle. Derivatives Data Shows Deleveraging Complete ADA Derivatives Data (Source: Coinglass) Open interest dropped 3.02% to $421.32 million while volume collapsed 29.83% to $824.89 million. Options volume cratered 92.94% to just $6.59K, reflecting exhausted trading activity following the volatility spike. The long/short ratio sits at 1.03, nearly balanced after the crash cleared leveraged longs. On Binance, top traders maintain a 2.29 ratio by…
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Filed under: News - @ 12:30 pm