Cardano (ADA) bulls display strong confidence, despite the cryptocurrency's recent price dip below $1. Investors have withdrawn a significant amount, $100 million worth of ADA, from exchanges over a span of just two days.
This large withdrawal indicates a reduced intent to sell and suggests potential upward pressure on ADA pricing. Furthermore, on-chain data shows a positive shift in Cardano's Spot Inflow/Outflow metrics, underscoring improved outflows which may bolster future price increases.
