The DAA Cardano $ADA is currently sending bearish signals, as fewer participants are interacting with its blockchain. This trend is combined with a sharp decline in whale activity. In particular, large Cardano transactions exceeding $100,000 have dropped to a six-week low of 5,560 in the last 24 hours, according to data from IntoTheBlock.
Such data suggests that large investors, who are often crucial for market movement, are hesitant to re-enter the market. Trading volumes are also stagnating, which further indicates a decrease in investor interest. Without a broader market shift, ADA risks further devaluation.$BTC $FIL #币安Alpha公布第6批项目代币 #BtcNewHolder