Crazy 🔥🔥🔥ADA Surges 4,000,000% in Long Liquidations

In an unexpected turn of events in the crypto markets, Cardano has experienced an unusual surge in call liquidations, a stark divergence from bearish liquidations.

In just one hour, $320,670 in long positions were liquidated, a figure that dwarfs the $8.97 in short position liquidations, resulting in a staggering discrepancy of nearly 4,000,000%.

(Chart below) The surge in call liquidations coincided with Cardano’s price dropping 3% in the same hour. A major contributing factor can be said to be the recent negative macroeconomic indicators for the U.S. economy.

The consumer confidence index fell from 77.2 to 67.4, reflecting a decline in consumer confidence. Additionally, consumer inflation expectations rose, with 1-year expectations rising from 3.2% to 3.5% and 5-year expectations rising from 3% to 3.1%.

This combination of economic factors may have impacted market sentiment, leading to the observed surge in liquidations in Cardano trading. However, the fact that long liquidations exceeded shorts by 4,000,000% is clearly due to excessive greed ruling the market.

I don’t know what potential coins are waiting for me. Follow me. The blogger’s strategy deployment has always been shared for free. Look carefully at the top of the homepage. Go to 🚗\/