Long-Term Holders Underwater As Cardano Price Drops 10%, Will ADA Rebound or Extend Losses?
The post Long-Term Holders Underwater As Cardano Price Drops 10%, Will ADA Rebound or Extend Losses? appeared on BitcoinEthereumNews.com.
Long-term holders face losses as Cardano price crashes by 10% amid market crypto market sell-off. The market experiences sharp declines, triggering ADA’s downturn. Investors witness consolidation following bearish momentum. Cardano’s decline follows the broader trend, raising concerns about future movement. Experts assess whether ADA will stabilize or extend its losses amid ongoing volatility amid ADA ETF speculations. Long-Term Holders Face Losses as Cardano Price Crashes 10% The Cardano price is facing downward pressure as the Market Value to Realized Value (MVRV) ratio for 365 days drops to -4.71%. This metric, which measures the average profit or loss of ADA holders, has fallen into the negative zone, indicating that long-term holders are now at a loss. A negative MVRV values signal a potential accumulation zone, as investors may see an opportunity to enter at lower prices. However, if selling pressure continues, ADA could see further declines. A declining MVRV suggests capitulation among holders who purchased ADA at higher prices. This aligns with the recent drop in ADA’s market price. The metric’s movement reflects broader market sentiment, with negative values often signaling a bottoming phase. Source: Santiment If the trend reverses, ADA could stabilize as buying activity increases. However, if losses deepen, sellers may continue to drive prices lower in the short term. SEC Acknowledges Cardano (ADA) ETF Proposal The crypto market faces widespread selling pressure today, which has caused Cardano to experience a sharp price dip. The US SEC approved NYSE Arca’s application to list Grayscale’s Cardano ETF, although this development failed to lift the Cardano price. Cardano is among the top contenders for a crypto ETF in 2025, alongside Litecoin, XRP, and Solana. The US SEC recently acknowledged a proposal from NYSE Arca on behalf of Grayscale for a spot in Cardano ETF. A decision on the approval or rejection of…
Filed under: News - @ February 26, 2025 12:23 am