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Cardano's ADA drops 3.29% in one hour amid $850K long liquidations on Binance, Bybit, and OKX

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Cardano's ADA drops 3.29% in one hour amid $850K long liquidations on Binance, Bybit, and OKX

Cardano's ADA token experienced a sharp price decline, dropping 3.29% within one hour to $0.2407 on October 8. Over the same period, long liquidations across major exchanges Binance, Bybit, and OKX totaled $850,000, while no short liquidations were recorded. The token's price also fell 4.86% compared to 24 hours earlier, reflecting increased selling pressure. ADA remains the 17th largest cryptocurrency by market capitalization, valued at approximately $9.22 billion. This sudden drop highlights volatility in the digital asset market and may influence short-term trading strategies.

Cardano's ADA is trading at Rp4.216 on Pluang as of October 8, 2026, 22:33 WIB, showing a 6.81% decline over the past day. The market cap stands at Rp163.97 trillion with a 24-hour trading volume of Rp9.73 trillion. Sell orders dominate at 63%, while the average holding period for ADA on Pluang is 126 days.

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