Overview
- One identified whale deposited $7.9 million USDC to Hyperliquid and bought 6.46 million ADA (about $2.5 million) at an average of $0.38 across multiple orders.
- Exchange balances have declined modestly during the accumulation phase, tightening near-term liquid supply and increasing sensitivity to new demand.
- ADA remains range-bound around $0.39 inside a multi-month descending channel, with support near $0.36–$0.38 and layered resistance at ~$0.41, mid-$0.40s, and ~$0.50.
- Derivatives metrics show rising engagement, including a reported 10,654% jump in BitMEX ADA futures volume to about $40 million and OI‑weighted funding near +0.0018%.
- Binance top‑trader data reflects a pronounced long bias (roughly 72.5% long versus 27.5% short), yet analysts note accumulation alone does not confirm a rally.