Cardano (ADA) Price Nears $0.99 as $100M Shorts Face Liquidation Risk

The price of Cardano (ADA) is approaching the $0.99 mark, indicating a potential upward movement for the cryptocurrency. Simultaneously, a significant amount of $100 million worth of short positions are at risk of being liquidated, which could lead to further volatility in the market. This situation suggests that traders who have bet against Cardano may soon face substantial losses if the price continues to rise, potentially triggering a cascade of buy orders as positions are closed. source: https://blocknews.com/cardano-ada-price-nears-0-99-as-100m-shorts-face-liquidation-risk/