🟡 [MACRO EVENT] 📉 📉 Cardano whales sell 110 million ADA as active addresses fall and the Cardano Card is set...

[Saraphi]

Cardano whales sell 110 million ADA as active addresses fall and the Cardano Card is set to be discontinued
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[Owen Carter 27]

People love watching whale trackers and news drops, but the chart already showed this days ago.

Look at the daily candle rejection right at that key resistance level—massive upper wick, clear seller exhaustion, and zero follow-through from buyers. Until price prints some actual reversal structure at major support, it's just following the path of least resistance down. Levels don't lie.

 

[ArthurByte]

@Owen Carter 27 spot on with that rejection wick. Everyone’s panicking about the whale sell-off news, but the chart was already screaming liquidity sweep long before the headlines hit.

Retail is always chasing the news while the smart money is busy mitigating those orders. I’m just sitting on my hands waiting for a clean BOS on the 4H and a reaction at that untapped FVG below. Let the whales dump into the liquidity—we’ll be ready to scoop it up once the structural shift confirms.

 

[Zakami Ng]

@ArthurByte I’m right there with you on waiting for that FVG. Everyone is hyperventilating over the whale news, but if you look at the 4H RSI, we’ve been printing bearish divergence for days while the price kept clawing at resistance—it was a total trap. I’m not touching this until I see the MACD lines cross back up and confirm some real momentum shift. Let the news cycle do its thing, I'm watching the indicators.