Whales and Spot Buyers Push ADA Up 2.82% Amid $166M Accumulation

Generated by AI AgentCoin World
Tuesday, Aug 12, 2025 12:46 am ET1min read
ADA
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Aime RobotAime Summary

- Cardano's ADA rose 2.82% as whale accounts accumulated $166M in ADA (200M tokens) between 9-10 August.

- CoinGlass reported $11M net inflows and $3.61M additional purchases, contrasting with derivatives market caution (Long-to-Short ratio <1).

- Spot buying momentum faces critical test at $0.83 resistance level; breakthrough could drive ADA toward $0.93, while failure risks renewed bearish pressure.

- Market remains balanced between on-chain accumulation strength and perpetual traders' caution, with 21.49% trading volume decline signaling reduced volatility.

Cardano’s native token

ADA
experienced a notable 2.82% price increase over the past 24 hours, driven by significant on-chain activity from large investors and spot buyers. Whale accounts, defined as those holding between 100 million and 1 billion ADA, accumulated 200 million tokens between 9 and 10 August, valued at approximately $166 million according to Santiment data [1]. This large-scale buying coincided with $11 million in ADA net inflows reported by CoinGlass during the same period, with an additional $3.61 million in purchases reinforcing the bullish momentum [2].

The surge in spot market activity reflects growing confidence in the asset, yet derivative traders showed a more cautious stance. The Long-to-Short ratio fell below 1, indicating stronger selling pressure compared to buying activity in the perpetual market. Additionally, trading volume decreased by 21.49% to $2.14 billion, suggesting a slowdown in market volatility and participation. Despite this, the Open Interest Weighted Funding Rate remained positive at 0.0108%, signaling that long positions still dominate the derivatives market [3].

For ADA to reach the $1 level, it must first overcome key resistance points. The immediate threshold is $0.83, a level previously associated with a 20% price correction upon testing. A successful breakout above this level could pave the way for a rally toward $0.88 and eventually $0.93. Conversely, a failure to surpass $0.83 may result in renewed bearish pressure, highlighting the importance of continued whale and spot buying in maintaining upward momentum.

With whale activity and spot inflows showing strength, the short-term trajectory of ADA will depend on whether the $0.83 level can be decisively breached. The market remains at a critical juncture, balancing optimism from on-chain accumulation against caution from perpetual traders.

Source:

[1] BitcoinEthereumNews.com

https://bitcoinethereumnews.com/tech/166m-whale-bet-keeps-ada-steady-but-cardano-can-rally-to-1-only-if/

[2] Coinglass

[3] CoinGlass