#CardanoHardForkUpgradeSetForJuly18
1. Revolution in smart contracts and cost
Reduced fees: The upgrade will significantly lower operating costs for DeFi smart contracts and stablecoins.
New Plutus tools: Add advanced programming functions and features to make developers’ work easier.
Paving the way for Leios: The upgrade lays the technical foundation for the upcoming Ouroboros Leios update, targeting to make the network 60x faster.
📊 2. Whales vs. traders in the market
Historic accumulation: Cardano whales (wallets holding between 100k and 100M ADA) increased their holdings to the highest level since 2023.
Short selling pressure (Short Bets): Derivatives data shows an increase in short positions and a downward-leaning Long-to-Short ratio (0.58), raising the likelihood of a "Short Squeeze" (liquidation of short positions) if the price suddenly moves up.
Resistance barrier: ADA’s price is currently moving in a consolidation range, where the 0.165 to 0.17 levels represent the main obstacles to testing new bullish levels
1. Revolution in smart contracts and cost
Reduced fees: The upgrade will significantly lower operating costs for DeFi smart contracts and stablecoins.
New Plutus tools: Add advanced programming functions and features to make developers’ work easier.
Paving the way for Leios: The upgrade lays the technical foundation for the upcoming Ouroboros Leios update, targeting to make the network 60x faster.
📊 2. Whales vs. traders in the market
Historic accumulation: Cardano whales (wallets holding between 100k and 100M ADA) increased their holdings to the highest level since 2023.
Short selling pressure (Short Bets): Derivatives data shows an increase in short positions and a downward-leaning Long-to-Short ratio (0.58), raising the likelihood of a "Short Squeeze" (liquidation of short positions) if the price suddenly moves up.
Resistance barrier: ADA’s price is currently moving in a consolidation range, where the 0.165 to 0.17 levels represent the main obstacles to testing new bullish levels