- Nearly $1B in ADA exits exchanges, echoing 2021’s bullish accumulation signals
- ADA faces strong resistance at $0.80–$0.85 despite large-scale accumulation trends
- Indicators show neutral momentum as traders await a breakout or deeper correction
Cardano (ADA) is drawing renewed attention as nearly $1 billion worth of the asset has flowed out of centralized exchanges since early 2025. According to TapTools data, this substantial withdrawal totaling around $932 million evokes memories of ADA’s rally in 2021, when a similar trend preceded its surge to an all-time high of $3.10. While this metric hints at growing investor confidence, recent price action suggests that bullish momentum remains fragile.
BREAKING:
— TapTools (@TapTools) May 19, 2025
Nearly $1 billion worth of Cardano $ADA ($932M) has been withdrawn from centralized exchanges since the beginning of 2025.
The last time outflows approached this magnitude was in 2021, during ADA’s climb to its $3.10 all-time high. pic.twitter.com/YoL7baTr7u
As of May 20, ADA trades at $0.7339, reflecting a mild daily gain but a 7% weekly drop. The market is now watching closely to see if reduced exchange supply translates into upward pressure on the price.
Strong Accumulation Hints at Long-Term Bullish Sentiment
Significantly, large-scale outflows typically indicate long-term holders moving assets to cold storage. This reduces the circulating supply on trading platforms and can create supply-side pressure during demand spikes.
In Cardano’s case, the magnitude of this movement implies rising investor conviction. The last time such behavior was observed, ADA embarked on a major bull run. However, current trading patterns suggest the rally may take time to materialize.
ADA’s recent trading activity shows that leveraged traders are heavily involved. Data reveals frequent liquidations both long and short between $0.60 and $0.90. These spikes in liquidations reflect volatile sentiment and rapid position unwinding.
The most significant short squeeze occurred in early March, following a sharp drop in price. This pattern reveals that speculators are struggling to predict ADA’s short-term direction.
Key Levels and Indicators Suggest a Crucial Juncture
Technically, ADA remains below major resistance around $0.80–$0.85, a zone that has rejected price advances multiple times in 2024 and 2025. A move above this area could open the path toward the psychological $1.00 mark and beyond.
On the downside, the $0.60–$0.62 range now serves as critical support after being flipped from resistance earlier this year. Historical floors around $0.45 and $0.30 could also offer support if the price breaks lower.
Meanwhile, indicators point to indecision. The MACD reveals a bearish crossover, suggesting weakening momentum. The RSI stands at 49.56, sitting in a neutral zone. This setup means ADA could go in either direction depending on broader market trends.
