Quick take on large orders:
$ADA fell below 0.1657, hitting a new 90-day low. At the moment it broke below that level, anyone who had bought at any point in the past 90 days was sitting on an unrealized loss.
Trading volume then rose to 1.8 times the daily average. Sellers are often stop-loss orders at this point; what really matters is whether large orders are stepping in to absorb the selling. Strong support could lead to a technical rebound; if support is insufficient, the price may keep falling in search of buyers.
$ADA fell below 0.1657, hitting a new 90-day low. At the moment it broke below that level, anyone who had bought at any point in the past 90 days was sitting on an unrealized loss.
Trading volume then rose to 1.8 times the daily average. Sellers are often stop-loss orders at this point; what really matters is whether large orders are stepping in to absorb the selling. Strong support could lead to a technical rebound; if support is insufficient, the price may keep falling in search of buyers.