Massive Short Squeeze Hits Cardano, Signaling Bullish Shift

Cardano (ADA) is experiencing a bullish resurgence as bearish traders face substantial losses. According to blockchain analytics platform TapTools, over $2.49 million in short positions have been liquidated within the past 24 hours alone. This significant liquidation surge signals increasing strength behind Cardano’s recent price rally and may indicate that a broader market reversal for altcoins is underway.