Cardano’s [ADA] largest investors continued accumulating despite weak retail participation, pushing supply concentration to its highest level in years. Wallets holding between 100,000 and 100 million ADA increased their combined balance to more than 25.6 billion ADA, marking the highest level since February 2023.
Retail participants moved in the opposite direction, with wallets holding fewer than 100 ADA owning 0.7% fewer coins than they had four months earlier. That divergence highlighted growing confidence among large holders while smaller investors reduced exposure.
The accumulation also developed as ADA traded near multi-year lows, reinforcing the view that whales continued building positions during periods of subdued sentiment. Although the market remained cautious, sustained supply absorption reduced the liquid supply available for immediate selling pressure.
Whale-sized orders pointed to stronger accumulation
The Spot Average Order Size reflected the growing influence of larger market participants rather than retail traders.
The indicator consistently flagged Big Whale Orders, showing that sizeable transactions dominated market activity, aligning closely with the expanding holdings among Cardano’s largest wallets.
Rather than relying on frequent small trades, large participants executed fewer but significantly bigger orders, suggesting deliberate accumulation instead of speculative buying. Retail activity remained comparatively subdued, allowing whales to absorb available liquidity without triggering excessive volatility.
The order flow also complemented the on-chain supply distribution trend, strengthening the broader accumulation narrative. If this pattern continued, larger investors could keep supporting ADA even while overall market sentiment remained cautious.
Binance’s top traders stayed firmly bullish
Binance’s top traders maintained a clear bullish bias despite Cardano’s relatively subdued price performance.
At press time, Long/Short Ratio showed 71.38% of top trader accounts holding long positions, while only 28.62% remained short. That imbalance produced a Long/Short Ratio of 2.49, highlighting continued confidence among experienced market participants.
Although ADA failed to produce a sustained breakout, professional traders continued positioning for higher prices instead of reducing exposure. Their conviction contrasted sharply with weakening retail participation reflected in the supply distribution data.
Such positioning did not guarantee an immediate rally, yet it suggested that sophisticated traders continued expecting favorable conditions ahead. If buying activity strengthens further, those long positions could reinforce any developing recovery.
Cardano defends support as sellers regain control
Cardano pulled back after failing to sustain its early July rebound, leaving the $0.20 resistance firmly intact.
Price returned to the $0.1588 area and continued trading just above the critical $0.1567 support, showing that buyers still defended this level despite fading upside pressure.
Unlike the previous rebound, the Parabolic SAR flipped above the candles as of writing, indicating that short-term control shifted back toward sellers. The MACD also weakened as the MACD line narrowed toward the signal line without completing a bearish crossover, while the positive histogram continued shrinking.
That combination showed that buying pressure had eased even though bulls had not completely lost control.
If Cardano holds above $0.1567, buyers could mount another challenge toward the $0.20 resistance.
However, a decisive close below support would likely strengthen bearish pressure and increase the probability of another move lower before a sustained recovery emerged.
Final Summary
- Whale accumulation kept rising even as retail participation continued weakening across the Cardano network.
- ADA remained above support, though sellers still capped the price below the important $0.20 resistance.
