Midterm Cardano investors are not betting on the reversal of the asset in the foreseeable future
The movement of four-month-old ADA holdings suggests that investors who have been holding the asset for the midterm are now taking profits. This is a common occurrence in the cryptocurrency market, as investors try to capitalize on the high volatility of the market.
The selling pressure from midterm investors has put further pressure on the already declining value of ADA. This has led to a further drop in the price of the asset, making it one of the worst-performing assets on the market. The lack of speculative value has made it difficult for the asset to gain any kind of upward momentum, which has been further exacerbated by the selling pressure.
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