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Cardano Node 11.2 pre-release arrives; ADA price drops 6.7% with potential short squeeze ahead

Protocol Fundamentals
06 Nov 2026, 18:00 WIB
AMBCrypto
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Bearish
Cardano Node 11.2 pre-release arrives; ADA price drops 6.7% with potential short squeeze ahead

Cardano Node 11.2 has been released as a pre-release with a full mainnet launch expected by November 8. This update introduces new node configuration formats and API improvements, but major features like Leios and Fair Min Fees are postponed to Node 11.3. Despite the update, ADA's price fell 6.7% from around $0.199 to $0.186, with a notable liquidation cluster just above current prices, suggesting a possible short squeeze if the price moves upward. Open interest and funding data indicate that long positions remain active despite the dip.

Cardano (ADA) trades at Rp3.374 on Pluang as of Nov 06, 2026 23:22 WIB, showing a 1.11% gain in the last day. The market cap stands at Rp124,83 trillion with a 24-hour volume of Rp6,32 trillion. Despite the recent price drop mentioned in the article, Pluang data shows more selling activity at 67% versus 33% buying, with typical holders keeping ADA for 128 days.

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