CandleFocus Cardano (ADA) Faces 94% Liquidation Imbalance as Price Falls
2025-03-08
Author: Content Editor
The crypto market has returned to the red zone, with $495 million in liquidations in the last 24 hours. Cardano (ADA) experienced significant liquidations of $11.85 million, contributing to the overall market losses. The largest liquidation order was valued at $17.15 million on Bitfinex exchange. Other top cryptocurrencies affected include Ethereum (ETH), XRP, and Solana (SOL). The Bitfinex, Bybit, and Binance exchanges had the highest liquidations. ADA's price has decreased by 7.3% in the last 24 hours, and its trading volume has decreased by 11.5%. ADA is now the ninth-largest cryptocurrency by market capitalization.
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