Key Insights:
- Over 180 million ADA sold by whales between April 6–18, pressuring market sentiment.
- ADA price forms a triangle pattern, pointing to a 30% breakout opportunity ahead.
- Funding rates shift as traders remain divided on ADA’s next major price direction.
Large holders offload over 180 million coins in five days, as Cardano (ADA) shows signs of a major price move. As this selling pressure is absorbed by the market, ADA’s price is consolidating in a triangle pattern, suggesting a 30% breakout soon.
Whales Sell Off Over 180 Million ADA During Cardano Price Weakness
According to Santiment data, large Cardano holders sold more than 180 million coins between April 13 and April 18. In just five days, wallets holding between 100 million and 1 billion ADA decreased their holdings from around 3.4 billion to 3.22 billion. The drop occurred as ADA price fell from almost $0.66 to $0.615.
Whales took profits using a brief price rebound, according to the data. Their holdings peaked on April 13, just before ADA hit short-term highs. Prices fell as selling increased from April 14 through April 17. During a time of already weak sentiment, this change in whale behaviour put more pressure on the market.
From April 9 to 13, the accumulation of tokens was stable and did not move. However, the sharp reduction in whale exposure is confirmed by the sudden drop that followed. When these large holders sold off, the price started to trend lower, suggesting a direct relationship between the two trends.
Market uncertainty is reflected in Funding Rate swings
Meanwhile, Coinglass open interest weighted funding rate data shows that market sentiment has been mixed in April. The funding rate was mostly below zero from April 8 to 17. This implies that short positions were the dominant ones, with traders expecting ADA to drop further.
Negative funding rates mean that short traders are paying a premium to hold their positions. However, Cardano’s price remained in a tight range between $0.66 and $0.52. It also shows that bearish traders were not yet able to push the price down much further.
Funding finally turned positive by April 19. Some traders are starting to expect a move higher, and this change indicates that. Still, rates are at zero, and the market is unsure. Traders seem cautious as they are not sure whether ADA will break up or down in the next few days.
Funding Rate Swings Reflect Market Uncertainty
Whale Alert’s data on realized profit shows a drop in profits taken by short-term ADA holders. These are the investors who bought in the last six months. Just a few weeks ago, there were more red bars on the chart, indicating losses and a drop in realized gains after strong profit-taking earlier in 2025.
This trend implies that the newer holders are either selling at a loss or getting out of the position to avoid further downside. With prices coming off, profit-taking has faded, and many short-term investors seem to be waiting or leaving the market.
This same pattern occurred in past cycles. After a price spike, profits were taken quickly, and then there was a cooling period where prices dropped or went sideways. These phases of the market are often reflected by changing investor behaviour and short-term profit data.
Cardano Price Forms Triangle Pattern with 30% Move Potential
According to analyst Ali Charts, Cardano is trading within a symmetrical triangle, formed by converging trendlines of lower highs and higher lows since April 6. This pattern typically precedes a breakout.
A breakout above the upper trendline could push ADA up 30%, potentially targeting the $0.80 level. On the downside, failure to hold support could send prices toward $0.50. Given the compressed volatility and conflicting trader positions, the breakout direction remains unclear—but imminent.
Disclaimer
This article is for informational purposes only. Crypto investment involves inherent risks due to the volatility in price. Readers should conduct their research before making any investment decision. Also, you can consult a crypto expert before investing in cryptocurrencies.
