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Cardano (ADA) Faces 1,449% Liquidation Imbalance, Bulls Hit Hard in Market Sell-Off
Cardano (ADA) faces a 1,449% liquidation imbalance, with longs heavily impacted by the market sell-off. According to CoinGlass data, Cardano recorded $217,710 in long liquidations versus $15,020 in short liquidations, making long liquidations 14.5 times larger than shorts. Despite the Cardano and Midnight ecosystems remaining unaffected by the Binance hack, ADA's price has fallen 1.29% to $0.19 in the past 24 hours and is down 8% this week. Additionally, Cardano Node 11.2 has been released as a pre-release version, with Node 11.3 (including Leios) expected in 3 to 4 weeks.
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