Cardano ADA Long Liquidations Reach $1.89 Million as $0.20 Support Comes Under Pressure

Cardano ADA price near $0.20 as leveraged long liq

Cardano (ADA) traders betting on a price recovery absorbed most of the losses in a sharp liquidation imbalance, with $1.89 million in leveraged long positions wiped out as ADA traded around $0.20.

According to CoinGlass data, total ADA liquidations reached $2.06 million, of which short positions accounted for just $174,080. The figures produced a liquidation imbalance of 1,085% in favor of long-position losses.

ADA was trading around $0.20, down 1.64%, as selling pressure continued to weigh on the token. The move left traders positioned for a rebound exposed to further losses while the market struggled to hold the $0.20 level.

Cardano ADA Liquidations Hit Long Traders

The liquidation figures highlight the pressure facing leveraged ADA traders after Cardano recorded four consecutive declining sessions between September 7 and September 10.

ADA later rebounded from Friday’s low, but the recovery came as the token remained close to the $0.20 support area. The concentration of liquidations in long positions indicates that traders positioned for higher prices bore the majority of the forced closures recorded during the move.

Broader inflation data also remained part of the market backdrop. Wholesale prices increased 0.4% in August, matching forecasts, while the Consumer Price Index also rose 0.4% during the month. That compared with a 0.1% increase in July.

The data reinforced concerns that inflation remains difficult for policymakers to control, adding to the broader market environment surrounding risk assets.

Cardano Development Continues Ahead of Dijkstra Testing

Market weakness has not stopped Cardano’s technical development. Developers are continuing preparations for the blockchain’s planned transition into the Dijkstra development era, with Node 11.2 integration underway.

The upcoming node work is intended to provide infrastructure for early Dijkstra testing across the Cardano ecosystem.

Cardano-node-11.1.1 has been designated as a Dijkstra pre-release and is moving toward mainnet readiness with several database-related changes. The release removes the V1 LedgerDB and LMDB storage backend while making ledger snapshots predictable and shareable, with compatibility for Mithril.

Node 11.2 is expected to incorporate Dijkstra features and the new block format. However, it will not include Leios functionality, and developers do not regard the version as capable of independently supporting the eventual hard fork without further testing and preparation.

Instead, Node 11.2 is intended to facilitate feature testing, integration with downstream tools and broader technical evaluation through a dedicated public network known as DijkstraNet.

Hydra and Leios Work Continues

Other parts of Cardano’s development program are also progressing. Hydra 2.4.1 was released alongside the Cardano-init open beta and the first stable version of Plu-ts.

Developers have also continued work on the Leios prototype, adding to Cardano’s broader efforts around blockchain scaling while Dijkstra-related infrastructure is being prepared.

For ADA traders, the immediate market question remains whether buyers can defend the $0.20 level following the latest wave of long-position liquidations.

A sustained move below that level could expose leveraged traders to additional losses, while stabilization around the area could help ease selling pressure in Cardano’s derivatives market. The source does not establish either outcome as a forecast.

Writer: Marcus Renfield

Crypto Market Analyst & Onchain Writer

Marcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.

He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.