Cardano's Van Rossem Hard Fork Activates Tomorrow at $0.158; Whales Buy While Traders Go Short

ADA-1.04%
Cardano is trading at $0.158, down 1.39% on July 17, as the Van Rossem hard fork activates tomorrow (July 18 at 21:44:51 UTC). Derivatives data shows sharp structural tension: the long-to-short ratio sits at 0.58 while open interest climbs 4% to $421 million, with whale accumulation reaching its highest level since 2023 offsetting trader short positioning. The hard fork, cleared by governance on July 13 and ratified by SPOs and DReps, is expected to lower execution costs on Cardano and lay technical groundwork for the Leios scaling upgrade targeting increased transaction throughput by end-2026. Intersect has urged infrastructure providers to update software before the network crosses the hard fork boundary. Near-term price action hinges on key liquidation levels: a break above $0.167 resistance would force short sellers to cover and support the rally, while a drop through $0.160 could trigger long liquidations and open a path to $0.1465 support.
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