Cardano Short Squeeze — $51.7k Liquidated at $0.9372 Signals Short-Term Upside

I see that ADA (Cardano) experienced short liquidations — average liquidation price reported at $0.93720 with about $51,703 in positions closed, executed by trading bots tied to @bpay_group.

This suggests a short-term bullish impulse from a short squeeze, which can push price higher quickly but may be short-lived if not backed by volume and on-chain demand.

I remain cautious: the move is noteworthy, but the size is moderate and leveraged activity increases volatility, so I’m watching for confirmation or a retracement to assess a clearer entry.