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Cardano dips 1.39% ahead of Van Rossem hard fork amid rising short bets and whale accumulation

Market News
16 Jul 2026
Crypto news
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Neutral
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Cardano's price fell 1.39% to $0.1628 as traders increased short positions ahead of the Van Rossem hard fork scheduled for July 18, 2026. Despite the price drop, large holders (whales) accumulated ADA to the highest levels since 2023, signaling confidence in the network upgrade. The Van Rossem update aims to reduce execution costs and prepare for future scaling improvements, potentially boosting Cardano's transaction efficiency. Key price levels at $0.160 and $0.170 could influence ADA's next move, with a break above $0.170 possibly triggering short-covering rallies, while a drop below $0.160 might lead to liquidations and further declines.

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