Cardano Faces Selling Pressure as Whale Activity Increases

Cardano's price recently attempted a breakout, aiming for a 38% rally. According to NS3.AI, this effort was hindered by a hidden bearish divergence and substantial selling by large whales, which overshadowed visible buying activity. Mid-size holders purchased approximately $340 million worth of Cardano, but larger whales sold around $1.32 billion, resulting in a net selling imbalance of about $980 million. This situation has heightened liquidation risks for bullish derivatives traders and increased the likelihood of a deeper pullback toward $0.22 if critical support levels are breached.