Cardano’s Liquidation Drama: Bulls in Tears, Bears Popping Champagne 🍾💔

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Oh, the crypto rollercoaster! 🌪️ On Wednesday, most cryptocurrencies decided to take a nosedive, leaving the market cap sobbing below $3 trillion for the third time this month. Yes, it’s as dramatic as your ex’s breakup text. 💔 The market cap now sits at a measly $2.95 trillion, which is basically the financial equivalent of “I’m fine, really.” Sure, Jan. 🤡

Market sentiment? Worse than a Monday morning. The crypto fear and greed index has plummeted to 11, its lowest in a month, firmly stuck in the “fear zone.” Because who doesn’t love a good existential crisis? 😱 Major coins are clinging to technical support levels like it’s the last slice of pizza at a party. 🍕

Cardano, darling of the crypto world, is trading at $0.38, down 1.91% in the last 24 hours and a whopping 18% weekly. Ouch. That’s the financial equivalent of tripping in public and pretending it was a dance move. 💃

Cardano’s Liquidation Fiasco: Longs in Tears, Shorts Popping Champagne 🍾

According to CoinGlass (yes, that’s a real thing), Cardano’s recent drop has led to $1.24 million in liquidations, with 93% of that being leveraged longs. Poor longs, always taking the hit. 😭 A total of $1.18 million in longs were liquidated, while shorts only lost $86,380. The imbalance? A staggering 1,303%. Longs, honey, it’s time to reevaluate your life choices. 🤡

The next support level for bulls is $0.32, where Cardano once soared 216% in November 2024. Good luck, bulls. You’ll need it. 🍀

2026: Cardano’s Glow-Up Year? ✨

Apparently, 2026 is shaping up to be Cardano’s year of redemption. In December, they proposed an Intra-Era Hard Fork to Protocol Version 11, because nothing says “we’re serious” like a fancy protocol upgrade. 🛠️ The goal? Better Plutus performance, ledger consistency, and node-level security. Basically, a crypto facelift. 💅

And in a shocking turn of events, the Cardano Critical Integrations Budget passed community approval faster than you can say “70 million ADA.” 🎉 The funds will go toward onboarding tier-1 stablecoins, institutional custody, cross-chain bridges, and other buzzwords that sound important. 🚀

So, will 2026 be Cardano’s comeback tour? Only time will tell. Until then, grab your popcorn and enjoy the crypto drama. 🍿

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2025-12-17 17:37