Cardano Whales Sell 90M ADA as Futures Interest Drops 9%
Cardano (ADA)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Cardano’s recent price rally is encountering resistance from waning trader interest and large-holder exits. Futures open interest for ADA fell 9% over the past week, dropping from $1.99 billion to $1.81 billion as traders reduced leveraged positions. Ali Charts on X noted that large holders offloaded approximately 90 million ADA, valued at $22.5 million, since September 20.
This selling activity aligns with a Tom DeMark Sequential sell signal on the daily chart, which has coincided with a 10% price decline. The analyst suggests the correction may not yet be complete. A parallel channel on the chart identifies $0.24 as the key mid-range support level.
If this support breaks, a move toward the lower boundary near $0.21 is likely. Conversely, if $0.21 holds, it could offer a buying opportunity targeting the channel top near $0.28. Additionally, Ali observed that whales have significantly reduced their Bitcoin holdings over the last seven days.
How the market reacted
Whalio's own Binance spot order flow for ADA, measured when this story was written up on 3 October 2026. Not the outlet's figures.
Cardano is currently trading at $0.2444 with a 24-hour buy ratio of 48.9%, indicating a near-even split between buyers and sellers. The 1-hour buy ratio is lower at 42.5%, while the 4-hour ratio stands at 56.3%, suggesting that buying pressure is building over a slightly longer timeframe than the immediate hour. Volume delta reflects this shift, showing a net outflow of $83,472 in the last hour but a net inflow of $414,192 over four hours. Over 24 hours, the volume delta is -$1,317,867, and cumulative volume delta (CVD) closed at -$2,515,466. These metrics indicate that despite short-term buying interest, net selling pressure has dominated the day, with only 8 of the last 24 hours showing net buying activity.
The latest daily buy ratio of 45.6% sits at the 5th percentile of the last 322 days, against a median of 49.2% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ADA, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.7%, making today’s 24-hour ratio of 48.9% slightly below the weekly norm by 1.8 points. Trading volume has been 1.42 times the average, indicating heightened activity compared to typical days. While the weekly volume delta was positive at $4,173,885, today’s negative delta suggests a reversal in flow direction. The coin has declined 5.6% over eight days, with net buying occurring on only 5 of the 7 days. This data points to an unusual day characterized by increased volume but a shift toward net selling after a generally positive weekly trend.