Cardano’s short sellers are taking a beating. Over the past 24 hours, over $500,000 worth of short positions were liquidated as ADA hovered near $0.25 — a price point that one unnamed trader is calling a powder keg ready to blow.
Whale Activity Signals Quiet Accumulation
Exchange data tells a quiet story of confidence beneath the surface. More ADA has been flowing out of exchanges than flowing in, a pattern that often shows up when large holders are pulling coins into private wallets rather than preparing to sell.
Whale accumulation has picked up as well. Reports indicate the number of wallets holding 10 million or more ADA recently climbed to a four-month high, even as the price continued sliding.
The liquidation data reflects the same tension. Of the $637,500 in total ADA positions wiped out in the past day, shorts accounted for nearly 80% of the damage. Long positions absorbed the rest — about $135,200 — as buyers got caught on the wrong side of brief downward swings.
A Chart Four Years In The Making
The technical case for a breakout rests on a structure that has been building since early 2022. Based on a chart shared by Minswap DEX’s self-described chief meme officer Mintern on X, ADA has been trading inside a horizontal price channel for roughly four years, bouncing between a ceiling and a floor without breaking decisively in either direction.
ADA’s all-time high of $3.10 came in 2021. After that peak, the coin dropped sharply. By the week of January 17, 2022, it had fallen from $1.60 to below $0.91, before eventually settling near the top of the channel around $1.18.
That range — from roughly $0.23 on the low end to $1.18 on the high end — has contained price action ever since.
A descending trendline developed inside the channel starting around August 2025, when ADA peaked near $1.02 and then began forming a series of lower highs.
Today, the price sits where that trendline meets the channel’s lower boundary — a compression point that typically forces a decisive move.
The unnamed trader’s analysis calls for a breakout to the upside with a price target near $1.20 before the week ends. That would represent a roughly 380% gain from current levels in less than two days.
A Bold Call From An Unknown Voice
Still, the prediction carries real weight only if its source does — and that source remains unknown. The trader behind the “ticking time bomb” call was never identified in the analysis Mintern shared, which raises obvious questions about credibility, track record, and motive.
A 380% rally in under 48 hours is an extraordinary claim. Extraordinary claims demand more than an anonymous chart.
Featured image from Meta, chart from TradingView
Source: https://www.newsbtc.com/altcoin/cardano-in-danger-zone-trader-drops-time-bomb-claim/
