A one-hour rise in Cardano (ADA) on Oct. 20 coincided with $180,000 in short-position liquidations across three exchanges, as the token reached $0.2237 on Binance.
An hour before the later quote, Binance’s spot market for ADA and Tether (USDT) stood at $0.2166. The $0.0071 difference represented a 3.28% gain. ADA was also up 3.42% over the 24 hours ending with the later reading.
Across the three exchanges, $180,000 in short positions were liquidated over the hour, compared with $0 for long positions. That count covers three exchanges, while the price quote comes from Binance’s spot market alone.
An earlier morning reading on Oct. 20 put ADA at $0.2168689, down 1.13% over 24 hours. Recorded at 8:39 a.m. ET (12:39 UTC), it measured a different 24-hour window from the later gain.
ADA’s market capitalization at the later snapshot was estimated at about $8.18 billion, putting it in 18th place among crypto assets.
