Cardano Bulls Withdraw $100M, Eyeing ADA Price Surge

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Cardano (ADA) bulls are showing confidence despite its price dip below $1. On-chain data reveals that investors withdrew $100 million worth of ADA from exchanges in just two days, signaling reduced selling intent and potential upward price pressure. Meanwhile, the recent change in Cardano’s Spot Inflow/Outflow data shows a positive trend, with outflows improving from -$63 million to -$40 million. This indicates growing confidence among investors, which often leads to upward price pressure. With its price at $0.98, investors appear optimistic about a potential rally despite recent market dips.