Cardano Holders Steadfast, Amidst Growing ETF Expectations

Data from Alpharactal reveals a consistent trend: long-term ADA holders have been increasing their balances since 2021, indicating no immediate intention to sell. This suggests that the current market price, still below its all-time high of $3.09 in 2021, may be prompting some holders to wait for full recovery before reducing exposure. Conversely, short-term ADA holders have surprised analysts by showing restraint. Instead of selling into rallies, they’ve made incremental additions to their positions, even with the token experiencing a remarkable 150% year-on-year gain. This subdued selling pressure has helped stabilize the market.