Cardano (ADA) experienced a price reversal in early August that trapped short sellers. A total of $1.63 million in ADA positions was liquidated, with $1.09 million, or more than 66%, lost by short sellers. The token peaked at $0.193 after an impulsive breakout above the $0.185 level, triggering margin calls on bearish positions. The next short liquidation pool worth $1.12 million sits at $0.19396, and ADA needs to gain only 4.45% more to trigger another wave of forced closures.
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