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Cardano (ADA) drops over 5% in one hour amid $1.7M long liquidations on major exchanges

Market News
06 Oct 2026
Tokenpost
View Source
Bearish
Cardano (ADA) drops over 5% in one hour amid $1.7M long liquidations on major exchanges

Cardano's cryptocurrency token ADA fell sharply by 5.25% within an hour, dropping from $0.2665 to $0.2525 on October 6. This decline represented a 5.54% decrease compared to its price 24 hours earlier. The price movement was tracked on Binance's ADA/USDT spot market. During the same hour, long liquidations totaling $1.7 million occurred across Binance, Bybit, and OKX, significantly outweighing short liquidations of $10,000. Cardano remains the 17th largest cryptocurrency by market capitalization, valued at approximately $9.89 billion. This sudden price drop and high liquidation volume highlight increased volatility and potential risk for ADA traders.

Following Cardano's sharp drop reported on October 6, ADA continues to show volatility on Pluang, trading at Rp4.574 with a 4.53% decline over the past day as of October 7, 2026, 09:21 WIB. The market cap stands at Rp173.29 trillion with a 24-hour trading volume of Rp13.85 trillion. Pluang users currently show a strong sell sentiment with 78% of orders being sell orders, and the typical hold time for ADA is 126 days.

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