Cardano long investors lost $1.89 million, and ADA clearing imbalance rate reached 1085%

Cardano experienced a 1,085% liquidation imbalance, ADA experienced selling pressure near the $0.20 support level

As the overall market performance weakened, Cardano (ADA) experienced a liquidation imbalance of as high as 1,085% as it approached the key support level of $0.20. This extreme market volatility directly led to the forced liquidation of highly leveraged long positions worth $1.89 million.

The release of inflation data further exacerbated market concerns about interest rate policy, putting additional pressure on Cardano. At the same time, traders are closely assessing the Fed's policy outlook and broader economic risks.

Against the backdrop of market pressure, Cardano's technical team has not stalled. By integrating the Node 11.2 version and advancing the development of projects such as Hydra, Plu-ts and Leios, Cardano is laying the foundation for broader network improvements and testing, and is actively preparing to enter the "Dijkstra" development era.

Long positions have been hit hard,$0.20 support faces test

Data shows that Cardano (ADA) recorded a staggering 1,085% liquidation imbalance ratio. As selling forces dominated, leveraged long positions worth $1.89 million were cleared.

According to CoinGlass, the total clearing amount of ADA reached US$2.06 million, while the clearing amount of short positions was only US$174,080. This large difference suggests that most of the losses in the market are borne by long traders in anticipation of a rebound.

During this period, ADA's trading price remained at around $0.20, a decline of 1.64%. Cardano struggled to defend the $0.20 support level as sellers maintained control across the market. Previously, the ADA fell for four consecutive trading days from September 7 to September 10, and then rebounded slightly after Friday's low.

At the macro level, the wholesale price index rose 0.4% in August, in line with market expectations, reinforcing the view that policymakers are difficult to control inflation. In addition, the consumer price index (CPI) also rose 0.4% in August, compared with a 0.1% increase in July. These economic data add uncertainty to the cryptocurrency market.

Technology Progress: Solid Steps towards the Dijkstra Era

Despite weak ADA market prices, Cardano's development team is still actively advancing technical preparations to support blockchain's transformation into the "Dijkstra" development era.

Currently, integration work is underway on the 11.2 version of Node, which will establish the necessary infrastructure for early Dijkstra testing in the Cardano ecosystem. At the same time, the Cardano-node-11.1.1 version, with the "Dijkstra Pre-Release" design logo, is moving towards mainnet-ready status and includes a number of important database improvements.

It is worth noting that the new version removes V1 LedgerDB and LMDB storage backends, making ledger snapshots predictable, shareable, and compatible with Mithril. Although Node 11.2 will incorporate Dijkstra functionality and the new block format, this release does not include Leios functionality for the time being. Developers pointed out that without additional testing and technical preparation, this release may not be able to withstand an eventual hard fork. As a result, it will be mainly used for functional testing, downstream tool integration and broader evaluation through a dedicated public network called DijkstraNet.

Scalability improvement: Hydra and Leios work together

In terms of scalability, Cardano has also made significant progress. Version 2.4.1 of Hydra has been released, along with the public beta version of Cardano-init and the first stable version of Plu-ts. In addition, the development team has also improved the Leios prototype, further consolidating Cardano's broader expansion strategy as technical work advances in multiple areas.

The future trend of ADA depends largely on whether buyers can hold on to the key price of $0.20 and rebuild market confidence after a massive wave of long liquidations. If this support level continues to fall below, it may trigger more losses on leveraged assets; conversely, if prices can stabilize, it is expected to reduce selling pressure in the Cardano derivatives market.