Cardano’s [ADA] 20% price decline in the last month has led to a surge in the demand for short positions among its...
20% price decline in the last month has led to a surge in the demand for short positions among its futures market participants., on 19th June, ADA saw its most prominent shorting versus longing ratio since September 2023.
When an asset’s funding rate is positive, its contract price is higher than its spot price, and more traders hold long positions. “This is a good sign for patient bulls, as liquidated shorts can effectively act as ‘rocket fuel’ for continued price rises.” In fact, on 18th June, ADA long liquidations totaled $2.86 million, its single-day highest since 13 April, according toIn an asset’s derivatives market, trades are liquidated when a trader’s position is forcefully closed due to insufficient funds to maintain it.
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